Summary Proceeding

Definition of "Summary proceeding"

Way to obtain a faster decision in a legal case than going to a trial. Procedural rules are followed so there is less time involved in gathering the effects of the dispute and in questioning. Many landlord- tenant contracts provide for the controversy to be settled through the summary proceeding instead of the court trial.

Search Real Estate Glossary

Related Real Estate Glossary terms

Corpus

The actual, physical and tangible fact in a given situation; a substantive body of positive evidence ...

Worst-Case Scenario

On an ARM, the assumption that the interest rate rises to the maximum extent permitted by the loan ...

Penalty

Amount to be paid by a person or business for violating a statute or legal court order. It may also ...

Emergency Fund

Factor considered in determining amount of life insurance to purchase in order that funds will be av ...

Forgery Insurance

Insurance with two types of policies available: depositors forgery insurance; forgery and alteration ...

Surplus Ratio

Percentage of total assets set aside by an insurance company to provide for unexpected losses. In ge ...

Related Real Estate FAQ

What Is Underwriting?

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

What Do I Need To Know About Term Life Insurance?

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

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Are Closing Costs?

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

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems What is Escrow and how does it Work? What is Hazard Insurance? What is the Best Time of Year to Buy a Home? When to buy a house

FAQ

What should I do if I'm in an accident? What is accession? What is an inspection? What is a survey? What is underwriting?