Foreign-born individual not qualifying as a citizen of the country in which he or she resides.
Popular Real Estate Terms
Provision in a lease agreement in which the lessee is given the right to buy the property at the end of lease term. In many cases, the option price is attractive to encourage acquisition. ...
Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...
A proposal to buy property at a specified price. The seller of the property has the options of accepting the offer, rejecting it, or making a counteroffer. For example, John signs a listing ...
An individual's possessions at his residences, such as furniture. A listing of items and their costs is recommended to obtain proper insurance coverage and as support for insurance ...
The real and personal assets of a person at the date of death. The distribution of the assets to the heirs depends on the provision of the will. If no will exists, the distribution is based ...
model depicting on paper what a structure physically looks like. The dimensions are draw on a proportionate basis to the real thing. An example is a scale of an existing or proposed office ...
Small one story frame house or cottage. ...
Relationship between individuals or entities whereby rights given to one are returned in kind to the other. An example is where one person has the right to use facilities of another with ...
Unregistered stock or bond that pays the holder dividends (if stock) or interest (if bonds) as well as the selling price when sold (if stock) or principal (if bonds are held to maturity). ...
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!
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