Store Decisis
Legal practice followed in the American and English judicial systems of following the precedents of former decisions in deciding new cases. The application of this doctrine has not only enhanced the uniformity and stability of the law throughout the country, but has also enabled the courts to be more efficient by providing guidelines for current cases.
Popular Real Estate Terms
The term developer’s profit is the actual profit generated by a developer’s project after the costs of the development have been covered. This profit can come from the sale of ...
Method of selling and obtains possession, but the seller retains the title. ...
Undeniably, some terms can make your head spin if you dive into real estate for the first time. Today, we’re breaking down a key term: Realtor Associate. It sounds official, ...
Sections of a homeowner policy. Section I relates to the home, contents, and accompanying structures. Section II provides comprehensive coverage for personal liability and the medical ...
To understand what liquidity risk entails, first, we must investigate what liquidity means. On the one hand, it refers to an individual or company’s capacity to meet debts without ...
Occupant's right in a structure to see out of the window without being hindered. For example, if someone wants to construct an office building adjacent to a home that will significantly ...
Cash earnings generated from a real estate investment or property. Cash earnings equals cash revenue less cash expense. The cash earnings may or may not be discounted to its present value ...
(1) Method of measurement lumber using the board foot cubic measure. The board measure is used to estimate quantities and prices of lumber materials. (2) Method of estimating lumber ...
Process of simultaneously appraising several pieces of property. Normally, occurs when a local government conducts a reassessment. ...
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