Dereliction


Definition of "Dereliction"

(1) Intentional property abandonment or desertion with no hope of returning or recovery. (2) Recovering land from the water as the sea withdraws below the usual water line. This is the opposite of alluvial.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Assumption

Obligation taken on by a person who did not obtain it originally, but agrees to honor the terms of t ...

Dual Index Mortgage

A mortgage on which the interest rate is adjustable based on an interest rate index, and the monthly ...

Landlocked

Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...

Declining Market

Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, de ...

Statutory Earnings

Revenue based on conservative reserve requirements of various states. Statutory earnings do not meet ...

Baby Boom Generation

Americans born between the end of World War II and the 1960's when the veterans of World War II were ...

Related Real Estate FAQ

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor Tax Breaks for the First Time Home Buyer How To Get A Loan with Bad Credit 5 signs of house foundation problems How To Sell Your Home

FAQ

What is an appraised value? How big is an acre? What do I need to know about Business Insurance? What are the Benefits of Liability Insurance? What is commission?