Sump

a rental in which the lessor pays all operating costs such as taxes, utilities, insurance, and maintenance. It is usually a short-term lease and a common arrangement. Typically there is no ...

There’s no mystery. The actual age of a property is the chronological age of a property. Say a house was built two decades ago. That house’s actual age is 20 years old.The ...

Same as term loan origination fee: The lender's charge to the borrower for administrative work when preparing the mortgage including credit checks, appraisal, and title expenses. For ...

Subsoil that is beneath the A horizon and above the C horizon of the earth. ...

Tax deduction for interest paid or accrued within the taxable year with respect to mortgage indebtedness. Interest is deductible on mortgages secured by principal and second homes. A ...

Statement made by a person that is not in writing. An example is an oral representation made by a real estate broker to a prospective buyer of property. ...

(1) Written statement by a responsible individual or entity of the correctness and reliability of something. (2) Written permission to do something, such as receiving a real estate ...

Approval given by a local municipality to construct a particular structure at a specific location. The permit may contain certain provisions that require builder compliance. ...

There are a lot of important factors to consider when choosing a possible new home. Things like the cost of living, availability of jobs and available amenities all play a major role in ...

The spirit of friendship and hospitality are some of the aspects that characterize the residents of Fort Mill, South Carolina. This small town holds a population of about 17,000 people that ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...

For those seeking a new place to live in the state of Florida, the city of Jacksonville Beach is a strong contender. The city has a rich and storied history, a progressive, forward ...

This question isn’t the easiest to answer. Not because it’s difficult to determine whether Washington D.C. is a city or something else, like with Arlington, VA. It is difficult ...

Indian Harbour Beach FL is known for being “Florida’s Greatest Little City”. In spite of its size and about 9,000 residents that inhabit the area, the city of Indian ...

The definition of “auction” is derived from the Latin word “auctus” which means “increasing”. A home auction is a sale where bidders place one bid after ...

Heading towards the west coast of Florida you will run into the Tampa Bay area, one of the most visited places in the state. If we are moving more inland, away from the beach area, you will ...