Possession
Holding and controlling property. It includes not only custody but also having some legal right. An example is occupying real property and enjoying its benefits.
Popular Real Estate Terms
Right to enter and start construction or furnishing property that is in the process of being purchased. ...
(1) Reconciling the records to show agreement. (2) Agreement of the records to physical amounts. ...
House made using standardized components that are preassembled on an assembly line in a factory rather than being built from "scratch" on a site. Normally, the prefabricate house is trucked ...
Space reserved for specified vehicles. For example, an office building may have space available for automobiles of tenants, clients of tenants, and other visitors. Parking facilities may be ...
A triangular shaped end of a building where a double sloped roof meets at the top of the triangle. A gable begins at the eaves of a roof and terminates at the roof ridge. ...
Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gift or an inheritance. This property legally belongs to that spouse and cannot be taken ...
The American Dream has cemented the role of homeownership into the collective conscience of the US population. Homeownership provides a place for families to stay that is their own, as well ...
The rate, usually expressed annually, charged on money borrowed or lent. The interest rate may be variable or fixed. The higher the risk, the higher the interest rate. Mortgage interest ...
A noncurrent loan in which the principal, interest, or maturity is related to a particular index. Therefore, period adjustments are necessary to conform to the change in the applicable ...
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