Tenant At Sufferance
Interest in real property that exists when a tenant remains in possession of leased premises or a "hold over" after his right to possession has ended. In a tenancy at sufferance, a tenant is called a holdover tenant. For example, Jill is a tenant at sufferance. Brian, the landowner, is entitled to evict her and recover the possession of the property, provided he does so in a timely manner.
Popular Real Estate Terms
The total return from holding a real estate investment for the holding period of time. The computation follows: For a mutual fund investing in a real estate, the return is in the form ...
In appraisal jargon, property currently being appraised. ...
Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, ...
Temporary financing meeting a developer's financial difference between a construction loan and a permanent mortgage. ...
A delay in making a principal payment on a mortgage that a bank allows a debtor for current financial difficulties. The extension of a loan at maturity at the 'going' market interest ...
Danger, hazard, risk, or peril. For example, jeopardizing a piece of property by pledging it as collateral for a loan. ...
Approach to valuing property based on its replacement cost. The cost of each major element of the property per square foot is added together and multiplied by the total space to estimate ...
A public officer given the right to authenticate a document, accept a person's oath, administer depositions, and to conduct other activities in commercial business. An official seal is used ...
List of records kept of what is owned by an individual such as the deed to a house and the title to land. ...
Have a question or comment?
We're here to help.