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
Siding made out of aluminum, plastic derivates, or cement asbestos having ridges and valleys which is attached to the sides of buildings. ...
Heterogeneous (as opposed to homogenous) means diverse in nature applied to a place or object composed of separate and distinct parts. In other words, heterogeneous describes something that ...
Expecting or looking forward to something happening. ...
An assurance a loan's financial obligation will be secured by a third party. ...
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Similar property. Comparing like property. properties that are side by side but do not meet. They are in the same direction with a constant distance. ...
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Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event. ...
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