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Popular Real Estate Glossary Terms
Assuming responsibility for someone else's payment obligation in the event that that party defaults. ...
The number of units currently occupied in a facility, neighborhood, or city, stated as a percentage of total capacity. For example, a hotel has 80 rooms available for guests. Its average ...
Endorsement to a homeowners insurance policy or a personal automobile policy (pap) that covers physical damage to a snowmobile wherever it happens to be. Coverage can be on named peril or ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
In short, a Buffer zone is how it’s called the area or strip of land that separates one land use from another. But let’s expand this buffer zone definition a little bit ...