Notice Of Cessation
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.
Popular Real Estate Terms
The restitution of a property insurance policy that has lapsed due to nonpayment of premiums. ...
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Bottom of a frame such as a window sill. ...
Borrower who gives property as collateral for a loan. ...
Specific portion of a larger land tract. A parcel can also be a lot in a property subdivision. ...
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Contractual provision requiring apportionment. ...
The endorser stipulates something such as that the transferee cannot use the funds for six months. ...

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