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In law, something that is not permitted or binding and as such, is not legally enforceable. An example is an unlawful clause in a contract such as prohibiting the rental of property based ...

Legal responsibility dictated by some jurisdictions when an individual's activities are deemed incompatible with public policy, regardless of whether the action was intentional or negligent. ...

The Internal Revenue Code (IRC Sections 1034 and 121) providing that a person over age 55 can sell a principal residence at a gain and exclude once in a life time up to $125,000 of the gain ...

Rental due on the leased property is formulated as a percentage of sales volume. There is typically a minimum rental specified. An example is a retail store that pays rental based on its ...

Analysis of a real estate sales data to appraise real estate values. Sources of real estate sales data used in the market data approach include the official records of deeds and leases ...

Property zoned and used for farming including the raising of crops and livestock. ...

Loan having the last payment either (1) more than twice the amount of any other payment, or (2) a payment arising from the lenders call provision. The term loan (or straight loan) is a form ...

Also called earnest money. Money deposited with an individual for security for the performance of some contract. This is intended to show his/her willingness to follow through with the ...

There are many places across the United States that are great for families to live or for young professionals. The Villages from Florida is one of those places but with a focus on retirees. ...

Bentonville has recently come to national attention due to its situation in Northwestern Arkansas, one of the fastest growing areas in the United States. But what is the cost of living in ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Conceived in 1944, the VA loan program is one of the oldest facilities offered to veterans and service members. This type of loan is guaranteed by the United States Department of Veterans ...

Wondering how do real estate agents get paid? We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster ...

Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...

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The cost of homeownership in the US is often the main concern of first time home buyers. Is it better to own a property or to rent? Is it better to postpone the purchase of a home or the ...