Extension Agreement | Real Estate Glossary

Definition of "Extension agreement"

Written agreement between two or more parties to extend the terms of a document.

Payment of premiums and benefits as they come due. In pension plans, known as the "pay as you go bas ...

Statement made verbally. It is better legally to have a written statement because verbal ones withou ...

Policy purchased by an insured from an insurer in another state. This insurer is not licensed in the ...

Recommendation of medications that should be prescribed for certain ailments. They can be classified ...

The landing at the bottom and/or top of a stair case providing support for the structure. ...

Latin for pending the suit. A suit which is actually in progress and the outcome is pending. ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

The public tax assessor value of a property as determined for the purpose of taxation. ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

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