Definition of "Menace"
Threat of violence to obtain a contract.
Popular Real Estate Terms
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The right and duties of using and holding property. ...
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Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
Property of a defaulted borrower is sold under court order, and the judge must approve the amount received. For example, Fidelity Bank has a first mortgage balance of $100,000 on Mr. X's ...
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Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...
Latin for by itself. A per se matter is one that is alone and not connected to another matter. For example, age, per se, is not a determinant of health. ...
Capitalization rate used to convert the expected income derived from a property into its estimated asset value. The estimated asset value may be computed by dividing the annual income ...
Comments for Menace
What is the term for a dangerous situation existing on a property that is not corrected?
Apr 13, 2019 13:36:50Hi, Robert! Dangerous conditions could be the result of poor construction, inadequate maintenance, faulty design or substandard building materials with manufacturing defects. You might also be thinking about an "unsafe work environment" or "imminent danger". Was this helpful?
Apr 18, 2019 06:50:14Have a question or comment?
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