An activity by a property owner annoys or seriously disturbs other property owners making it discomforting to use their own property. A wide range of activities can be classified as nuisances. To be considered a nuisance, the activity must directly affect the comfort and usability of an other's property. these activities can include air or water pollution activities, activities generating a large amount of sound or noise, activities which can generally affect the health and sanitation of other properties.
Popular Real Estate Terms
A method of brick construction where the bricks are laid with their sides facing outward. ...
Earthquake insurance is the type of insurance policy that specifically covers damages to your real estate caused by seismic activities. It can refer both to the rare coverage against ...
(1) Occupancy rate at which rental income of a property pays for operating expenses and debt service, leaving no residual cash flow. (2) The level of sales of a real estate business where ...
Individual making the payments in a mortgage or pledging a mortgage or property. ...
When we talk about agency as a real estate concept, we understand the relationship between the real estate agent and the client. However, the term dual agency defines a type of agency that ...
Financial intermediaries who invest in deeds of trust and mortgages, and hold them in their own portfolio. Large financial firm that uses depositors' money to lend to borrowers. ...
The prime rate, a benchmark interest rate banks use, plays a significant role in the real estate market. Essentially, it’s the interest rate that commercial banks charge their most ...
Type of a real estate investment trust whose investment money is used for the purchase of a portfolio of specific properties to be managed in order to generate investment return through ...
Geographic location where a vacant or occupied structure exists. It usually means the land reserved is for a future building. ...
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