Condition Precedent | Real Estate Glossary

Definition of "Condition precedent"

PAM STEVENSON

LIBERTY PROPERTIES &, INC

Condition that must be fulfilled or requires certain action before the estate granted can take effect.

Work required as a court judgment because of a crime committed. ...

One of two federal agencies that purchase home loans from lenders. The other is Freddie Mac. ...

Profit (deficit) that remains after paying claims and expenses. Insurers generate profits from under ...

A real estate contract whose terms have been completely satisfied. ...

Pre-determined dollar amount up to which an insurance policy will cover an insured each year, regard ...

Federal agency that collects and analyzes numerous U.S. demographics used by government and industry ...

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

An investment property is a property you purchase with the intension of using it as a rental income ...

Paid advertorials are articles written by public relations professionals that have just one goal in ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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