Adding a period of time onto another. An examples a mortgagor who successfully restructures his loan by tacking another five years onto the term.
Popular Real Estate Terms
The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...
Condemnation is a process by which private property is taken for the purpose of public use. Prior to the taking, the property is said to be “condemned property”, meaning that it has ...
Usually a fairly large site zoned and planned for the purpose of industrial development and located outside the main residential area of a city. Industrial parks normally are provided with ...
To enter illegally. For example, entering property without permission. ...
There are two definitions of annexation in real estate. The first definition of annexation in real estate deals with the expansion of cities and the accompanying zoning laws. When a city ...
As you would correctly presume, a dual contract shouldn’t exist at all. A genuine agreement is a legally-binding document. Once the participants sign a contract, the law forces them ...
Span of time a rental agreement is free to the occupant. A landlord may offer this as an incentive to stimulate rentals. For example, an owner of an office building may provide a free ...
One who donated or gives a gift or bequest. ...
A house having stucco or brick siding mixed with some wood. The house usually is two or more stories. ...
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