Proximity Damage
Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or prison will be worth less.
Popular Real Estate Terms
Discharge of an obligation through payment or the rendering of a service. An individual is pleased with something such as work performed by an electrician at his home. Sometimes payment ...
Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...
Claim or debt that may be recovered by instituting a lawsuit. ...
Approving or permitting an action to occur. ...
A landowner may not divert or redirect a natural occurring waterway from his or her property causing damages to another property. Waterway is normally construed to mean streams and rivers ...
Party that receives part or all of a construction job to do from the general contractor. ...
List of dwelling units, such as homes. ...
Use of a parcel of land that will produce the greatest current value. ...
Person or business that provides an option to someone else. ...
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