Changes in the discount rate may cause banks and other lenders to reexamine credit policies and conditions.
Normally, when real property is conveyed, the grantee receives all right and title to the land including everything above and below the surface, unless excepted by the grantor.
Delivery in escrow Delivery of a deed to a third person until the performance of some act or condition by one of the parties.
Deferred commissions - Commissions which are earned but not yet fully paid.And just as we prefer not to think about who lived (and died) in our house before we moved in, so haunted-house movies find a way of tapping into older, deeper fears.Cost approach The process of estimating the value of a property by adding the appraisers estimate of the reproduction or replacement cost of the building, less depreciation, to the estimated land value.Domicile - The state where an individual has his true, fixed, permanent home and principal business establishment and to which place he has the intention of returning whenever he is absent.Mortgagor gives a deed to mortgagee when mortgagor is in default according to terms of mortgage.Base fee online adult video chat rooms A determinable fee estate that may be inherited.Contingencies A provision or condition in the purchase of real estate requiring a certain act to be done or an event to happen before the contract becomes binding.
Liens can be created by agreement of the parties(mortgage) or by operation of law (tax liens).
It is unlike a partnership in that the venture is for one specific project only, rather than for a continuing business relationship.
Here are 497 terms and definitions to use as a study guide for the real estate agent exam.
In the real estate business, a surety bond generally is used to ensure that a particular project will be completed at a certain date or that a contract will be performed as stated.
Step-UP lease - A lease with fixed rent for an initial term and provision for pre-determined rent increases at specified intervals and/or increases based upon periodic appraisals; sometimes called a graduated lease.
Property tax Taxes levied by the government against either real or personal property.Subjacent support is that support which the surface of the earth receives from its underlying strata.Willoughby (1841) 81 M W 540, 550 Kuwait Airways Corp.See also edit References edit "A taking hidden porn camaras with the intent of exercising over the chattel an ownership inconsistent with the real owner's right of possession" (Rolfe B Fouldes.A mere right of possession is generally regarded as an interest sufficient to maintain an action.Bundle of legal rights The theory that land ownership involves ownership of all legal rights to the land, such as possession, control within the law, and enjoyment, rather than ownership of the land itself.The words as long as, while, or during are key to creating a qualified limitation defeasible fee estate.Condominium ownership - An estate in real property consisting of an individual interest in an apartment or commercial unit, and an undivided common interest in the common areas such as the land, parking areas, elevators, stairways, and the like.Might she have visited it?One apartment or space in a condominium or part of a property intended for independent use and having lawful access to the public way is called a unit.Constructive eviction - Acts done by a landlord which so materially disturb or impair the tenant's best camgirl site enjoyment of the leased premises that a tenant is effectively forced to move out and terminate the lease without liability for any further rent.Thus the rent paid is "net" to the lessor.A lease is a contract in that item bodies the agreement between the parties.Offer - A promise by one party to act or perform in a specified manner provided the other party will act or perform in the manner requested.