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

The time period a real estate investment is held. The return is tied to the time period of the investment. The period is used for income tax purpose to determine whether a profit earned or ...

Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality ...

A flexible price that may be adjusted. A resolved situation between two or people or parties through discussions in which common interests are modified. For example, real estate ...

The definition of reversion in real estate is the return of property or assets to their original owner after a prespecified event or occurrence. This real estate term is used primarily in ...

In real estate terms, many consider having corner influence an extra financial advantage when it comes to transactions in most cases. Usually, enjoying a corner influence brings an ...

Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...

loan that is not secured by a mortgage on a specific property. It is backed only by the borrower's credit rating. Unsecured loan are typically short term. The disadvantages of this kind of ...

Income reporting to the Internal Revenue Service using form 1099 stating income earned. For example, An employing real estate broker uses form 1099 to report commissions earned by a real ...

Home inspector is the name the real estate industry calls the professional responsible for the close and thorough examination of a property. The home inspector usually is called upon ...

Popular Real Estate Questions