Rescission
Definition of "Rescission"
Canceling a legal contract either with the permission of both parties or by one party exercising the right of rescission, based on legal grounds.
Popular Real Estate Terms
The total return from holding a real estate investment for the holding period of time. The computation follows: For a mutual fund investing in a real estate, the return is in the form ...
Removal of land by the action of water. See also erosion. ...
English style of architecture characterized by carving and paneling and flattened arches. ...
Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with compound interest which is applied to the ...
A reduction in structural value from all reasons except physical failure. For example, a commercial building having an outdated elevator or electrical wiring system is experiencing ...
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Term indicating a resemblance or analogous to a legal classification. For example, a quasi corporation, quasi contract, quasi possession, quasi offense. ...
This situation applied in some states when death prevents the seller of property, who has signed a real estate sale agreement, from completing the sale. In this situation , equitable ...
Worth of the property part which is left subsequent to a condemnation action. ...
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