Interstate Land Sales Full Disclosure Act
Definition of "Interstate Land Sales Full Disclosure Act"
A federal act requiring potential purchasers and lessees of undeveloped land be provide with all necessary information required to make an informed decision regarding the desirability of the land being considered prior to making any purchase or lease decisions. The purpose is to provide full consumer information.
Popular Real Estate Terms
Statue designed to protect lenders if a seller secretly sells substantially all of the business property. The objective of the law is to safeguard against defrauding creditors. ...
Within Real Estate, “nuisance” is a term used to describe any disturbance that might affect neighboring houses. Nuisance abatement is the enforcing of policies and codes that ...
Method of selling and obtains possession, but the seller retains the title. ...
Inspection required in certain types of sales of property to determine if termites are present within a building. ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Contract that intends to convey property form one individual to another but is defective in one respect. ...
Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...
Rental agreement directly between the landlord and tenant. If the tenant then rents it out to another, it is referred to as a sublease. The relationship takes the following form: ...
In order to define the rate of return on investment, or more commonly known as ROI we are also going to explain how it can be calculated and what to look for in the return rate. Investing ...
Have a question or comment?
We're here to help.