Automatic Renewal Clause | Real Estate Glossary

Definition of "Automatic renewal clause"

Provision in an agreement in which its renewal is a matter of course at the end of its initial term.

person designating an agent to act for him. Primary individual having full financial liability. ...

Initial reserve plus the terminal reserve divided by two for any year of valuation. ...

Alleged torts or breaches of contract, but not crimes. Action is brought by one individual against a ...

Room with a bathtub, shower, toilet, and sink. Most homes have more than one bathroom increasing the ...

Coverage for bodily injury and property damage liability resulting from the nuclear energy material ...

Rate of increase in asset value. ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

A mortgagor is the borrower. ...

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

A morgagee is the lender. ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

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