Hold Harmless Clause
A contractual clause where one party assumes a liability risk for another. Thus, a hold harmless clause effectively indemnifies the named party from any liability by transferring the risk to another. For example, John agrees to lease a retail store from Brian under the condition that John will be held harmless from any structural liabilities.
Popular Real Estate Terms
The definition of population density is a way to measure the number of populations in a specific area. The method of calculating population density is by the number of people per square ...
Legal proceeding to exercise a right in a disagreement between private individuals or businesses. One party seeks a remedy against the other. It does not involve a criminal situation. ...
Designing a home with a Spanish cultural flavor. ...
Time period of an estate based on how long a third party lives. ...
Trust beneficiary of an individual who is legally entitled to the property and financial benefits of a trust whose title is in another name. ...
model depicting on paper what a structure physically looks like. The dimensions are draw on a proportionate basis to the real thing. An example is a scale of an existing or proposed office ...
Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...
The term comparables is used to better determine the value an asset has when compared to others, similar to it. Real estate comparables are used in assessments to determine a house’s ...
An individual or business that buys someone else's equity in property but may not assume any responsibility for a loan balance. ...
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