- receiving something such as a cash payment.
- Written statement that something has been received such as cash, real property, or documents. The purchaser should always get a receipt. An example is the buyer of real estate getting a receipt for giving money to the seller as a down payment.
Popular Real Estate Terms
When we think of rural property or rural real estate, most of us think of farms, properties with large areas designated to agricultural land. That’s how rural communities generally ...
Property that is similar in characteristic and when exchanged is a nontaxable transaction. Any property that is not like-king, such as cash (boot), is taxed. As a result, a gain is not ...
Document between two or more parties indicating a need to take or not take a previous action taking place. For example, a bank may commit to make a loan dependent on a satisfactory credit ...
Building recognized because of its history, such as the Booth theater in Washington, Dc. The demolition of historical buildings is not permitted. Historical building modifications are ...
Type of property distribution occurring when a person dies intestate. The estate id divided by the children of the deceased and by their children. For example, if a husband dies intestate, ...
Market condition in which the prices of real property are declining because of a lack of demand normally associated with a general economic slowdown. ...
The landing at the bottom and/or top of a stair case providing support for the structure. ...
The right to drain water through anothers property through a ditch, pipe, or trench. See also drainage right of way. ...
A bilateral contract is a pretty straightforward term. No horseplay there. It’s a legal agreement between two individuals who both agree to do (or not to do) a specific act. The ...
Comments for Receipt
I lost my receipt when I brought my home how can I get other receipt bi payed cash
Jun 02, 2021 23:05:13Hey Charles! Thank you for reaching out to us. Regarding the receipt, you received when you purchased your home. Depending on how you purchased it, the fact that you paid cash should not make it impossible for you to find another copy of the receipt. Because real estate transactions deal with large sums of money, both parties should have proof of the transaction. The best way to get a copy is by contacting the other party involved in the purchase, the real estate agent if you used one, or any other third party that might be involved.
Jun 11, 2021 07:00:44Have a question or comment?
We're here to help.