- An adversary hearing allows both parties to an issue to present their views.
- A public procedure performed by an administrative or legislative body to investigate certain matters and encourage an exchange or views as well as to present formal evidence of fact. A hearing is not a judicial proceeding per se, but it can reach an administrative conclusion to be used as a basis for forming an administrative decision. For example, a zoning variance appeal board can have public hearings to encourage an exchange of views and present evidence of fact regarding the effects of re-zoning a certain parcel of property. Based upon the results, a decision will be made by the zoning board of appeals as to whether or not a zoning appeal will be upheld, modified, or denied. The results of a hearing can be appealed to a judicial body.
- An ex parte hearing has only one party presenting his or her views relating to some matter
Popular Real Estate Terms
A fully amortized mortgage necessitating periodic payments of both interest and principal. In the early years of the loan, the share of principal is smaller and the interest larger, a ...
The meaning of a grace period refers to a specific time after a payment’s due date. During this period, one can reimburse the amount without penalty, extra costs, or forfeiture. Find ...
The midpoint in a range of numbers. For example, the median (middle value) of a house in Nassau County on Long island in New York is $150,000. By using median values, a prospective buyer or ...
Property deed in which the grantor limits the title warranty to the grantee. A grantor does not warrant a title defect to the property occurring from a happening before the time of his ...
(1) foreclosed real estate or subject property in a bankrupt estate. (2) Income property which is making inadequate returns and has a negative capitalization rate. ...
Preference. Precedence. Something given prior attention. Something having a higher level of importance or ranking. Example of when priority apply are a prospective tenant for an ...
Indicators reflecting future changes in economic conditions; referred to as the Composite Index of 11 Leading Indicators. This index indicates the direction of the economy in the next six ...
The right to deviate from the use of land prescribed by an existing zoning ordinance. ...
Trademark name for shotcrete. ...
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