deliberate action by an individual or entity to cheat another causing damage. There is typically a misrepresentation to deceive, or purposeful withholding of material data needed for a proper decision. An example of fraud is when a property manager falsifies records in order to steal money. Falsification of a tax return by an individual. Examples of tax fraud are intentionally not reporting taxable income or overstating expense. tax fraud is a criminal act.
Popular Real Estate Terms
The term “a priori” can be pretty puzzling in real estate. Originating from Latin, “a priori” translates to "from the earlier" or "from the former." This concept, ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...
Connected group of wires, woods, or other materials surrounding real property to either protect it or act as a barrier against others. ...
Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...
The central core of an urban area. The inner city contains the major commercial center, termed the central business district (CBD). Close to the inner city are also some of the poorest ...
Structural, storage, and shelving characteristics associated with a warehouse. ...
New cost less accumulated depreciation to date. ...
Timber in an original form, such as a pole. ...
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