Reservation | Real Estate Glossary

Definition of "Reservation"

Henry McEachern

Remax Essential

Not sure about something such as suspecting the truthfulness of statements made by a real
estate agent.
Stipulation in a deed giving the grantor some retained privilege or right in the property.
Appointment such as meeting a real estate broker at a specific location and time to see houses
for sale.

Coverage provided for individuals or businesses for loss due to forgery or alteration of such financ ...

Lease agreement between the lessee of an original lease and a new lessee. For example, John signs a ...

Land parcel bounded by two intersecting roadways. ...

A notice, usually in writing, in which notice of termination is given by one individual or busine ...

The amount of rent a property could command in the open market. See also market rent. ...

Bond guaranteeing that a contractor will perform under the contract in accordance with all specifica ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

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