Divestiture
Definition of "Divestiture"
(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to property such as in the case of an antitrust action to eliminate a monopolistic advantage of a real estate company in a particular area.
Popular Real Estate Terms
Condensed appraisal report covering the major items. ...
Aluminum or metal treated barrier that is placed between the concrete and wood of the foundation of a newly constructed building to prevent termites from infesting the wood. Many experts ...
Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and pool. ...
Inappropriate and possibly harmful use of land. For example, a factory located on the shore of a river discharges toxic pollutants into the waterway. ...
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes. ...
location where someone stays on a permanent basis. An example is a home to a family. ...
Federal agency providing home financing to qualified people in low-income, rural areas. ...
Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...
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