Definition of "Hangout"
That portion of a loan collaterized by a leased property extending beyond the expiration date of the lease. For example, a lending institution collaterizes a 20-year loan on a commercial property being leased by a major department store for 15-years. It is estimated the $50,000 portion of the loan remaining after the lease expires will be more than covered by the value of property.
Popular Real Estate Terms
Scale drawing or diagram illustrating the proposed use of a land plat property. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...
Exterior wall not supporting a load, mostly found in office buildings. ...
See building permit. ...
Licensed real estate broker who has a listing of property for sale. ...
Barring an act. It may occur when an individual has improperly acted resulting in an unfair advantage over another party. ...
Range reconnaissance, or surveying, for the purpose of preparing grazing capacity estimates. There are two parts to a range survey: mapping of grazing cover varieties and associated ...
Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina church, the corporation sole is headed ...
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