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Original cost of property plus additional capital expenditures made to it less the accumulated depreciation. The realized gain or loss for tax purposes is the difference between the ...

Used to rectify errors made in a previous deed. Such errors can include incorrect spelling of a name, inaccurate property description, or an improper execution. It is often referred to as ...

Person's sole ownership of real property. ...

Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term. ...

What does viz. mean? The meaning of viz. derives from the Latin word videlicet which is translated into English as namely, that is, which is, as follows. You may encounter it in legal ...

Formal allegations by all of the parties to an action including complaints, answers, and replies to counterclaims. ...

A contractual clause where one party assumes a liability risk for another. Thus, a hold harmless clause effectively indemnifies the named party from any liability by transferring the risk ...

Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from ...

Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'ve seen them all over Newspaper Ads, ...

Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that ...

America is the land of endless possibilities. Both the East and the West Coast have developed rapidly, nourished by the many newcomers who disembarked and settled near the ports of entry. ...

Say you are the proud Tenant of a home and you made the greatest deal ever – it’s in an awesome neighborhood, it has a sweet rent price and it came already fully furnished; ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

If you’re thinking of moving to Bowie MD, there are probably many burning questions on your mind. Is Bowie MD a safe place to live? Are jobs easy to find in Bowie MD? What is the ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

You know what is the truest answer to “who can put a lien on your house”? Yourself. We’re not trying to be smart here; it’s the truth. Failing to pay up a ...