Depreciation Basis

Canceling, nullifying, terminating, or dishonoring a contractual obligation. The Truth-in-Lending Act provides the right of rescission whereby a person can annul a contract without ...

Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status. ...

A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...

Founded in 1930 and located in Centerville, UT, NARELLO has 700 members consisting of state administrators managing real estate licensing laws. It seeks to improve real estate licensing ...

Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the ability to surrender a mortgage property in ...

Latin for at first sight. Facts assumed to be true unless subsequent evidence disproves it. ...

The term master deed is a deed filed by a condominium developer or converter to record all of the individual condominium units owned within a condominium development. For example, a ...

refusal of one party to a contract to carrying out his or her responsibilities under the agreement. An example is when a builder refuses to perform previously agreed services for the buyer ...

The city of Foley, Alabama, is located in the southernmost part of the state, only a short drive away from the Gulf of Mexico. The relatively small city has a population of approximately ...

Bethesda is a small city located in Montgomery County, with a population of about 60,000 people. The city is just a stone’s throw away from the capital city of the US, Washington DC ...

Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that ...

Do real estate agents work with home renters? Yes, they do. To be honest, real estate agents are willing to work with everyone. There are some who are specialized in sales and not rentals, ...

Are you wondering how to speed things up with your mortgage payment? Thinking how to build equity to your home”? Well, by paying off your mortgage. The more you do, the more ...

The suburban city of Newton MA is located in Middlesex County, Massachusetts, about 7 miles away from downtown Boston. With a population of about 90,000 people and comprising about 13 ...

If you’re thinking of making the community of Ashburn VA your home, you’ve made a good choice. Ashburn is one of the best communities in the state, from a wide variety of ...

Located almost in the middle of the state of Florida, the census-designated place of The Villages, FL shares its name with the larger master-planned and age-restricted community that ...