Declaration Of Homestead
Definition of "Declaration of homestead"
Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property title and is not a conveyance.
Popular Real Estate Terms
Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...
Foreign-born individual not qualifying as a citizen of the country in which he or she resides. ...
To enter illegally. For example, entering property without permission. ...
Operating property for business use, such as managing an office complex. ...
Date of the valuation of property, usually contained in a report. ...
Insurance contract providing coverage for risks primarily associated with negligence and acts of omission associated with third-party injuries or property losses. Property and casualty ...
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Rezoning of land from a higher density use to a lower density use. ...
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