A contract for the purchase or sale of real property, which may or may not include personal property. The Statute of Frauds dictates that, to be enforceable, any contract for the purchase or sale of real estate must be in writing.
A real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds. Freehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title, life estates, remainder estates, and freehold easements.