Cause Of Action


Definition of "Cause of action"

Legal claim with enough basis in fact to have a lawsuit.

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Popular Real Estate Terms

Contents Replacement Cost Protection

Optional feature included in some homeowners insurance policies that pays the replacement cost of any personal property. ...

Land Sale-leaseback

The selling of a parcel of land whereby the original owner agrees to immediately leaseback the property. The advantage of the land sale-leaseback in t ...

Right Of Subrogation

The substitution of one person or business for another when the substituted person or business has the same rights and obligations as the original pa ...

Metropolitan Area

Urbanized area in and around a major city. The metropolitan area may overlap county and state boundaries and may encompass a city, its suburbs, and th ...

Woman's Council Of Realtors (WCR)

Organization that is part of the National Association of Realtors and is designed to promote women activities in real estate transactions. Those inter ...

Condo Conversion

Conversion of a rental apartment house to individual condominium ownership of a portion of the minimum ownership of a portion of the building. Often, ...

Popular Real Estate FAQ

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it\'s a great investme ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

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