Legasy | Real Estate Glossary | Realestateagent.com

Definition of "Legasy"

A gift by will of real property.

Absolute legasy: An unconditional and immediate gift.
Conditional legasy: The bequest of a gift depends on the occurrence of something happening. For example, the beneficiary will receive the gift upon becoming married.
Contingent legasy: A legasy dependent upon the passage of time period such a person reaching the age of 21. A contingent legasy is tied to an event transpiring.
Specific legasy: A specific bequest for a beneficiary. For example, a beneficiary is designated to receive a certain piece of land.

Investment risk associated with the possibility that there is a rise in the interest rates after a f ...

Property given and accepted as a grant to the public. ...

Property insurance premium rate that is applicable to a single, particular piece of property. ...

All the new tenant has to do is "turn the key" to the apartment or office in a newly constructed bui ...

Method of valuing a reserve under which no reserve is established for a life insurance policy at the ...

Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

A deed is a legal document that conveys the title to a property. ...

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

Basic points relates to changes in the interest rate for your home. ...

When you are preapproved, you have a definite commitment from a lender ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

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