Succession | Real Estate Glossary

Definition of "Succession"

Linda Scott

Coldwell Banker Bullard Realty

transfer of real property by legal means such as through inheritance.

Property highly leveraged. An example is when a landlord buys an apartment house paying minimum cash ...

Person covered under an employee benefit insurance plan. ...

Life insurance contract that pays its owner dividends, which can be: taken as cash; applied to red ...

Person who uses personal property such as an automobile with permission of an owner. For example, fo ...

land abutting a large body of water, such as an ocean or lake. ...

National agency supported by property insurance companies. The bureau is used by companies that do n ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

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