Beam Right Agreement
Arrangement between neighbors permitting one of them to put a beam for support on another neighbors wall.
Popular Real Estate Terms
The nonavailability of jobs for people able and willing to work at the prevailing wage rate. It is important measure of economic health, since full employment is generally constructed as a ...
Method of using the buyer's down payment on a home as an interest bearing collateralized account to help offset the mortgage amortization process. The home down payment is used to ...
A form of life or disability insurance where a mortgagor insures a mortgage in the event of death or disability. The principal covered by mortgage insurance declines as the mortgage is ...
Stature regulating the use of credit information. Allows consumers such as prospective homeowners access to their credit files. It requires a lender to explain how loan interest is ...
Planned subdivision where detached housing is located in the close proximity to each other. Additionally, the subdivision shares common open space including parking and recreation areas. ...
As a hopeful house hunter, renter, or seasoned real estate investor, you've probably come across baffling terms. One such term is "adhesion contract." It might sound complex, but don't ...
Claim on property by an unpaid workman or contractor. The property may be sold to recover the money owed. The legal justification of the mechanic's lien is that the labor and materials ...
Limit on how much a borrower's payment can increase. ...
Person's sole ownership of real property. ...
Comments for Beam Right Agreement
should Seller sign a survey affidavit
Jan 13, 2019 13:36:43Most attorneys at law will advise a seller not to sign a survey affidavit. In this way, the seller is not responsible for any encroachment or other survey issues. A survey affidavit shifts responsibility from the surveyor to the seller. Buyers should not rely on previous surveys either. Keep in mind that surveys are protected under federal copyright laws, so do not hand out unauthorized copies of this document.
Jan 14, 2019 04:41:46Have a question or comment?
We're here to help.