Competent Parties | Real Estate Glossary

Definition of "Competent parties"

Persons considered legally capable of entering into a binding contract.

Pipe or conduit for electrical wiring. Enclosed conduit made of metal or other appropriate mate ...

Coverage provided for individuals or businesses for loss due to forgery or alteration of such financ ...

An agreement restricting specified financial transactions. For example, a covenant may be agreed ...

A map that shows land elevations. ...

Means of ending a pension plan only for reasons of business necessity, following IRS regulations. If ...

Actual and direct knowledge by a potential property purchaser of the terms of a property transaction ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

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

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