Definition of "Notice of cessation"

Abdul Aitboukil real estate agent

Written by

Abdul Aitboukilelite badge icon

Southern Prestige Realty

Actual notice to one or more individuals to cease and desist from performing a particular action. For example, a homeowner begins constructing several new rooms onto an existing house without obtaining a building permit. The municipal building department subsequently issues a notice of cessation to the homeowner ordering him to stop all further work on the renovation until a building permit has been legally obtained.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Loan having the last payment either (1) more than twice the amount of any other payment, or (2) a payment arising from the lenders call provision. The term loan (or straight loan) is a form ...

Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by ...

Average of income, retail revenue, and population of a locality as a percentage of the entire United States. It reflects the economic status of a particular region. ...

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...

Characteristic of a trust that prevents the invasion of its principal by the trustees while providing a lifetime income to its principal beneficiary with the rest going to the son's ...

Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...

lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the ...

Architectural plan which may include blue prints of a property project. Designs must meet technological and zoning requirements. ...

Report that contains information regarding the effect of a proposed project on the environment. ...

Popular Real Estate Questions