Definition of "Cause of action"

Deborah Biancofiore real estate agent

Written by

Deborah Biancofioreelite badge icon

WEICHERT, REALTORS® - Yerbey Realty

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

Comments for Cause Of Action

Kailyn Kailyn said:

Hello, I was wondering what the term action off land means?

Oct 21, 2022  15:17:50

 
Real Estate Agent

Hello Kailyn! The term is vague without a proper context. An action off-land may refer to a procedure on a specific land surface distinct from the sea or water. Off-land could also entail a rural or agricultural area involving a farming activity.

Nov 01, 2022  12:42:46
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Type of ownership by husband and wife, recognized in 27 states, in which the rights of the deceased spouse pass to the survivor. It is the same as joint tenancy, except that one spouse ...

The depreciation method where an equal amount of depreciation expense is allocated to each full period of the asset's useful life. The amount of depreciation is computed as follows; Annual ...

Purchase of part of property or property rights when condemnation takes place. The owner must be justly reimbursed. ...

An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...

Don’t know what snowbirds mean? It’s not birds made of snow. Snowbirds is a nickname given to Canadians and American people that live in the colder northern states, that, ...

See accommodation endorser, maker, or party. ...

The "frost line" is a critical concept in real estate and construction, especially in regions with cold climates. But what exactly is the frost line, and why does it matter? Let’s ...

Any gain or loss from selling of capital assets. The gain or loss is the difference between the net selling price and cost basis. The two types of capital gains or losses for tax purposes ...

Personal income minus personal income tax payments and other government deductions. It is the personal income available for people to spend or save; also called take-home pay. It may be a ...

Popular Real Estate Questions