Spot Zoning
Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a residential area for commercial purposes, Historically, spot zoning has not received favorable support in court.
Popular Real Estate Terms
A notary public's guaranteeing the authenticity of a signature. ...
Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to ...
Written statements about a person or business that are malicious, unfounded, and damaging. It is the basis for legal action. ...
See accommodation endorser, maker, or party. ...
An iron pipe, stone, tree, or other fixed point used in making a survey. ...
Unsecured long-term debt. There is no collateral or lien on the property. A debenture can only be issued by a financially sound borrower with an excellent credit rating because no ...
An insurer who researches the title to real estate for the purpose of discovering any unknown liens or encumbrances on the property that may have come into effect before the current ...
Flaw in an otherwise proper title. A title obtained through error or fraud without proper signature or consideration or other improper action. A defective title is null and void having no ...
Wall having an air space between the two sides. A hollow wall is often covered with wallboard that is nailed to the wall studs providing an air space between the two sides. ...
Have a question or comment?
We're here to help.