Right of a party, the assignor, to allocate the benefits of certain insurance policies to a third party, the assignee. Insurance on real estate may assign the policy to protect the property for those having an insurable interest.
Canceling, nullifying, terminating, or dishonoring a contractual obligation. The
Truth-in-Lending Act provides the right of rescission whereby a person can annul a contract without ...
Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status. ...
Founded in 1930 and located in Centerville, UT, NARELLO has 700 members consisting of state administrators managing real estate licensing laws. It seeks to improve real estate licensing ...
Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the ability to surrender a mortgage property in ...
The term master deed is a deed filed by a condominium developer or converter to record all of the individual condominium units owned within a condominium development. For example, a ...
refusal of one party to a contract to carrying out his or her responsibilities under the
agreement. An example is when a builder refuses to perform previously agreed services for the buyer ...
Every city has its claims to fame. New York has the Statue of Liberty and the Empire State Building, Los Angeles has the Hollywood sign and the Griffith Observatory. Wherever you go, locals ...
Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable.
However, this is ...
A city located in Northern North Carolina that combines both history and millennials in one big bowl, is a city that attracts large companies. With corporate giants such as Lenovo and FedEx ...
In one of the fastest-growing cities in the area, life is constantly vibrant due to the flux of new ideas and people. You will find a thought-provoking article with an extensive background ...
Before moving to a new city, there are a number of questions that any responsible adult will ask before they even think about putting pen to paper and finalizing their decision. Things like ...
For a city located in Southern North Carolina, on the border with South Carolina, Charlotte has an amazing history that combines the charm from the southern past with the eclectic nuances ...
Have you ever considered living near an airport? Probably not if you are looking for a home in a quiet neighborhood and living near an airport is not a location that strikes you as quiet. ...
Of all the things that can make or break a city in terms of its livability, the single thing that takes the first spot is the cost of living. Gas prices, rent prices, utility costs, and ...
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