Immobility
- Unable to move a structure so it must stay where it is. Except for mobile homes, property is fixed at a particular site.
- Inability of a person to move because he or she is attached in some way to the general locality. For example, a homeowner in New York City may be tied to his or her job and therefore cannot move to another state because of the lack of job opportunities.
Popular Real Estate Terms
Transfer of personal property via a will as a gift to the recipient. ...
Using beams on an interim basis while a structure is being built. Reinforcing a building with supports. A property. ...
When we talk about acceptance in the real estate world, we have to talk about an offer that is accepted. The definition of acceptance implies the existence of an offer that we can accept or ...
Tenant agrees to a replacement landlord. ...
An individual for whom a court has awarded a financial judgment against a debtor. For example, a court award makes Smith a judgment creditor against Cole for $2,000. ...
The Debt-to-Income Ratio’s (DTI) definition is a measure that allows one to compare the ability an individual has to afford a monthly debt payment out of their monthly gross income. ...
Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...
Having an interest in property for the duration of one's life after which the title reverts to another party. ...
Street terminating at one end with only one outlet. A dead end street is not a through street. See also cul de sac. ...
Have a question or comment?
We're here to help.