Unearned Increment
Definition of "Unearned increment"
Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases because of a population increase in the region.
Popular Real Estate Terms
Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor ...
Value is exchanged by the parties to an agreement involving current or future performance making it legally enforceable. Without reasonable consideration for performance, the contract may ...
The term agricultural property means a type of land that has been designed or is permitted to engage in agricultural activities. Also referred to as agricultural land, agricultural ...
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Market condition in which the prices of real property are declining because of a lack of demand normally associated with a general economic slowdown. ...
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Person serving as a property administrator for someone who is incompetent due to a mental or physical deficiency. ...
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