Foreign-born individual not qualifying as a citizen of the country in which he or she resides.
Popular Real Estate Terms
Clause in an open-ended mortgage permitting the mortgagor to borrow additional sums of money in the future pledging than same real property collateral. A construction loan has a future ...
Name given by the Realtors National Marketing Institute which is affiliated with the National Association of Realtors. ...
Something coming before. Examples are the year before, first lien on property, and previous owner of property. ...
Originally strips of wood approximately 1 to 1 1/2 inch wide, 1/4 to 3/8 inch thick by approximately 4 ft. long which were nailed across the wall studs for the purpose of supporting ...
Agreement in which the contract price to build something is equal to the total costs incurred plus a predetermined profit. The profit may be based on a percentage of cost (e.g., 20% of ...
Contractual provision describing the terms under which coverage may be terminated. An insured or insurer may cancel a policy before its expiration date. Generally, a written notice of ...
In conducting a real estate transaction, each party is presumed honest and fair with no deceit. The intentions are honorable and realistic. If deception occurs without prior knowledge, the ...
Giving another an immediate benefit. Example are an employee in a real estate company receiving pension or health care benefits after five years of employment, and passing title to ...
Business organized as a distinct legal entity with ownership evidenced by shares of stock. To form a corporation, "articles of incorporation" must be filed with the state. When approved, ...
Comments for Alien
Can a country club require you to pay dues if you are a member and live in the neighborhood
Nov 22, 2018 12:51:32Hey again, Jane
Well, if you are a member and the country club statute says so, yes. The fact that you live in the neighborhood doesn't mean much because, in this relation, your house and residences are Aliens to the Country club.
Now, what they cannot do is charge non-members (aliens) just because they share the same neighborhood. Their statute is limited to their premises and members. It will hardly share a Homeowner's association with your house as well, since country clubs are not residences but land with a different kind of use and, therefore, rules connected to it. If you're having problems with a Country Club, we suggest reaching a lawyer to help you complaint with the city. Good luck!
Nov 29, 2018 17:10:21What does aliens mean in real estate
Nov 06, 2018 19:27:36Thanks for reaching out Jane,
Alien comes from being "alienated", so whenever you hear "alien" within the real estate context is to mean that a person is almost a third-party. The person is being alienated from whatever it is. Separate from ownership, from the decision process etc.
Nov 20, 2018 17:36:19Hope it helped!
Have a question or comment?
We're here to help.