Tenants Union


Definition of "Tenant's union"

Group of rental occupants acting together.

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Popular Real Estate Terms

Bundle Of Rights Theory

Those legal rights that are a part of the ownership of property. These rights include the rights to occupy and use, peaceful enjoyment, bequeath, cons ...

Deficiency

Additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the correctness of a deficiency with the IRS. There can b ...

Maintenance

Periodic expenditures undertaken to preserve or retain a property's operational status for its originally intended use. These expenditures do not impr ...

Board Measure (B.M.)

(1) Method of measurement lumber using the board foot cubic measure. The board measure is used to estimate quantities and prices of lumber materials. ...

Financial Statement

report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, ...

Recorder Map

Same as term plat: Map that shows the location and boundaries of individual properties. ...

Popular Real Estate FAQ

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership including air right, mineral rights, riparian rights, and ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then sold. ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

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