Letter Of Intent
Definition of "Letter of intent"
Document between two or more parties indicating a need to take or not take a previous action taking place. For example, a bank may commit to make a loan dependent on a satisfactory credit rating for the borrower.
Popular Real Estate Terms
When answering the question of what is a real estate investor, several aspects should be considered. First, a real estate investor, also known as a real estate entrepreneur, allocates ...
Law involving noncriminal issues such as breach of contract, libel, slander, and accidents. ...
Legal action between a plaintiff and defendant. ...
The first mortgage on property when other mortgages exist as well, as in the case of a wraparound loan. For example, the total amount financed might be %200,000 of which the first lien is ...
Builder who builds homes or other buildings to the specification of his customer. Normally the homes and other structures are presold. The customer builder may also build a few on ...
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(1) Housing arrangement in which the tenants are shareholders in a company that owns and maintains the structure. (2) Agreement between two real estate brokers in which the commission will ...
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