Definition of "Receipt"
- 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
Easement with the objective of keeping scenic beauty or to forbid constructing something else blocking that view. The property is retained in its natural setting. ...
Mortgage market in which original loans are made by lenders. The market is made up with lenders who supply funds directly to borrowers and hold the mortgage until the debt is paid. Examples ...
Real estate, home and life insurance use numerous ambiguous terms you should know because you can significantly benefit from them. Let’s discover what the word boot usually applies to ...
Passing of title to property that is in fact not valid. ...
So, you’re out and about your homebuying dream and then you stumble upon this question: what is a condominium? Like, you think you know what is a condo home, but it's so hard to ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
Claim by a real estate broker that his or her actions were the principal cause of the completion of a property sale between two parties. A successful procuring cause claim would entitle a ...
Money set aside to buy new assets when the older ones are no longer appropriate for the intended use. An example is when the landlord must replace a deteriorating and malfunctioning air ...
Typically, a waiver means remission or giving up on a particular claim. You can find the term waiver widely used in real life, finance, and real estate terminology. How do waivers work? A ...
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.