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Net return on a real estate investment. It equals the income less the expenses associated with the property. ...

An agricultural technique of supplying water to land to sustain the growth of crops. Developing irrigation system is an ancient practice being used as early as 500 BC along the banks of ...

Also called earnest money. Money deposited with an individual for security for the performance of some contract. This is intended to show his/her willingness to follow through with the ...

Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...

To pass property by will to an heir. Strictly speaking, real estate cannot be bequeathed to an heir, it must be devised. However, if it becomes clear the purpose of the testator was to ...

Unanticipated damages incurred as the result of the sub effects of a parties breach of responsibility or contract. Consequential damages often result in financial compensation. ...

The process of changing, updating, and altering the appearance and structural characteristics of a building. For example, John remodels the kitchen in his home by replacing the cabinets, ...

An organized group of ethical behavior guidelines governing the day-to-day activities of a profession or organization. ...

If you’re thinking of moving from your current home, you’re no doubt weighing your available options in an effort to make the best decision. If McKinney is one the cities on ...

You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate ...

The master-planned city of Lakewood Ranch is located in the state of Florida and it is part of the North Park-Bradenton-Sarasota Metropolitan Statistical Area. Lakewood Ranch FL is ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

Ever since prehistoric times, surveying has been one of the most important acts conducted prior to the construction of any type of structure. If ever wondered what are the steps you need to ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...

Many millennials, as well as families, choose to take up residence in this large city from North Carolina that somehow manages to still feel like a small town. A major reason for this is ...

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