Lawful Object

Definition of "Lawful object"

SHARON MOON

SHARON MOON Berkshire Hathaway HomeServices Georgia Properties

An object or action which is authorized, approved, and not prohibited by law. The concept of a lawful object also implies an ethical quality in that the object under consideration is not only legal, it is also ethical and acceptable by society at large.

Have a question or comment? We're here to help.

Search Real Estate Terms

Popular Real Estate Terms

Deed Restrictions

Written statement in a deed limiting the number, type, size, and use of property. See also deed covenants. ...

Elevation

How tall a structure is from some point. ...

Cost Approach To Value

Valuing real property based on the expected cost to buy property of identical value. The replacement cost to build a structure should be based on curr ...

Inside Lot

A building lot surrounding on both sides by other lots. ...

Public Housing

Residence units owned by the government and available to low income families at a nominal cost. ...

Valley Flashing

Waterproofing the joint of a roof. ...

Popular Real Estate FAQ

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title c ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? Top Five Reasons Your Home Offer was Rejected How To Choose A Realtor® Foreclosure - The Pros and Cons of Buying Find Your Real Estate Agent Niche: Vacation Homes

FAQ

What is an agent? What is a qualifying ratio? What does preapproved mean? What is Disability Insurance? What do I need to know about Business Insurance?