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

Government official who values real estate property for tax purposes and ascertains the annual property tax assessments that must be collected. ...

Time period for which one expects to keep property such as a real estate investment. ...

Something that is of good value for the money and an attractive deal. ...

To default on a loan means to intentionally or unintentionally miss several consecutive monthly payments over the course of a few weeks or months. Most borrowers learn the definition of ...

Absence of a personal liability such as when a creditor may seize an office building used as security for the obligation but cannot attach any other assets of the debtor. ...

The definition of obligee is the person to whom a debt or obligation is owed. An obligee is one party of a contract to who the other party, the obligor, is obligated. An obligee is also the ...

Items of real and personal property that usually have a long life, such as housing and other real estate. ...

Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina church, the corporation sole is headed ...

(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when ...

Popular Real Estate Questions