Omnibus Clause | Real Estate Glossary

Definition of "Omnibus clause"

Judy Griffin

Keller Williams

Provision in a will that stipulates that any assets not enumerated still pass to the heirs.
Clause in liability insurance policies that extends coverage to unnamed others beyond the insured.

Managing property directly at its location. The management functions may include showing prospective ...

Wrongful inaction; failure to act; inactivity. ...

Provision in most property insurance policies that permits a policyholder to use the insured premise ...

Percentage of income required by a retiree to maintain a desired standard of living during the retir ...

Financial standing of a debtor as a basis to pay obligations. ...

Insurance company incorporated according to the laws of the state in which a risk is located and the ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

When you are preapproved, you have a definite commitment from a lender ...

A lock in guarantees a certain interest rate for a certain period of time. ...

An easement is the right given by the landowner to use the property. ...

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