Leased Fee Estate
A lease contract to possess a parcel or property for a certain period of time. A leased fee estate is a conditional estate conveyance in real property for a specified period of time. The lease permits the lessee to possess, use and enjoy the property for the specified period. For example, John agrees to lease a home at the rate of $1,200 per month for two years as a leased fee estate.
Popular Real Estate Terms
Homes with division of ownership or use of a resort unit on the basis of time periods. For example, a resort home may be divided into 25 time shares of two weeks each, with two weeks left ...
Real property located in an excellent area for its designated objective. An example is a restaurant situated near office buildings, on the main boulevard, so it is easy to see, and has ...
Local governmental ordinance breaking down the country into districts that are restricted on how private property is to be constructed and used. It applies to the land and buildings. The ...
In order to define allotment, we have to take into consideration what it refers to. While generally, it refers to a certain amount of something that is allocated to a particular person, the ...
Individual who enjoy a freehold land right. ...
Alias is a different name by which a person is known.In the real estate world, there are times when an agent goes by a different name than the one he/she was originally named by his/her ...
Loss of property value due to external forces of events. ...
Increasing prices during a slowdown in economic activity. ...
To confirm, ratify, verify, and accept a transaction that can be canceled. ...
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