Amendment


Definition of "Amendment"

Gabriel Tulier
  RLL Real Estate Group

Provisions added to an original insurance policy that alter or modify benefits and coverages of the contract. For example, a homeowners insurance policy can be endorsed to cover a secondary dwelling; perils can be added for coverage.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Government National Mortgage Association (GNMA)

Is a wholly owned government corporation administered by the Department of Housing and Urban Develop ...

Judgment Creditor

An individual for whom a court has awarded a financial judgment against a debtor. For example, a cou ...

Rough Hardware

Metal hardware within the construction that is typically not visible, such as bolts, nails, and scr ...

Marketable Title

Title leaving no question as to who the owner is. It is the title which a reasonable buyer, knowledg ...

Survivorship Annuity

Agreement under which an annuitant receives a predetermined monthly income benefit for life upon the ...

Arable

Land that is suitable for tilling and growing of crops. ...

Related Real Estate FAQ

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? 6 Reasons you are not selling properties Home Prices - The Extra Costs How To Choose A Realtor 7 Things to Consider Before Moving to a New City

FAQ

What is an investment property? What is a negative amortization? What are prepayment penalties? What is an assessed value? What are my coverage options?