Leasehold Estate
Possession and use of a property estate by virtue of a lease. There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance.
Popular Real Estate Terms
Two or more parties agree to something. An example is when the two parties to a contract mutually agree to make certain revisions to it. ...
Enumeration of the consideration given by each party to a contract which in some cases must be in written form to be enforceable. For example, the statute of frauds requires that all ...
Monitoring and administrating a mortgage lien after it has been made. This may include monthly payments, record keeping, handing tax and insurance record, and foreclosure of property. A ...
Stiff pipe used to cover electrical wiring for safety purposes. ...
Day the attachment of property under a judicial order becomes effective. ...
Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...
A home seller and a home buyer agreed upon a fair market value and the deal is off to closing the sale. One of the next steps is running a title search. But what is a title ...
provision in a written agreement allowing the prospective purchaser the right to cancel the contract if occupancy requirements are not satisfied as of a specific date. ...
A mortgage loan is nothing more than a real estate debt instrument. Acquiring a mortgage loan is the most common method of financing a home in America. The benefits are tremendous and ...
Have a question or comment?
We're here to help.