Leasehold Insurance
Insurance coverage provided for an individual having a lease at a favorable rate, one which is less than the market value of the property. The insurance indemnifies the tenant for business losses in the event the landlord cancels the lease because of the occurrence of an insured peril, such as an explosion. The theory is that the loss of the favorable lease is a serious business loss that should be indemnified.
Popular Real Estate Terms
Bond whose interest is free of federal, state, or local tax in the state of the issuer. It is typically a municipal bond of estate or county agency. For example, a New York City resident ...
Right to profit by utilizing the assets of another's land. A profit a' prendre would include the right to use and mine another's property recovering and removing any assets. ...
Any structure projecting from a wall or other vertical element for the purpose of providing support for a weight or other object. ...
Sewer whose sole purpose is o carry away domestic waste water. ...
The term foraging comes from the old germanic language, which passed through Old French “fuerre” and “fourrage” and it means the search for wild food resources. ...
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 ...
Want to know what Net Listing means? Well, Net Listings are a type of listing where the home seller sets a minimum price he/she is willing to sell the property for and whatever amount above ...
Individual who has a legal obligation to pay money to another. ...
Regional area from which a particular product or service can expect its greatest demand. For example, a retail department store expects to attract shoppers from a market area having a ...
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