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Which of the following is a mandatory benefit of CHIP?
Conditional Seller
A party that retains ownership of sold items until specific conditions, often related to payment, are fully met by the buyer.
Builder's Lien Legislation
Laws providing builders, contractors, and laborers with the right to secure payment for services and materials through a lien on the improved property.
Holdback
A specified percentage that a person owing funds on a construction contract must retain for a specified period to protect against claims made by the suppliers of goods and services.
Real Property
Land and anything permanently affixed to it, such as buildings and trees, including both the physical property and the rights associated with owning it.
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