Escape Clause
Definition of "Escape clause"
Contractual provision allowing an individual or business to renege on a commitment in certain cases without being penalized.
Popular Real Estate Terms
Principle stating that the joint tenants must have equal rights to possession of the whole property. ...
Date of the valuation of property, usually contained in a report. ...
Unable to move a structure so it must stay where it is. Except for mobile homes, property is fixed at a particular site. Inability of a person to move because he or she is attached in ...
Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...
See savings and loan association. ...
State laws limiting the interest rate that can be charged to individuals borrowing money in that state. These laws affect all lenders in a state regardless of what federal or state agency ...
Gift of real property as stipulated in a will. ...
Eight-by-four sheet of material attached to a wall's studs. It can be made attractive by wallpapering or painting. ...
Title leaving no question as to who the owner is. It is the title which a reasonable buyer, knowledgeable of the facts and their legal implications and acting in a reasonable manner, would ...
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