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Popular Real Estate Questions

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 ...