Letter Of Intent
Definition of "Letter of intent"
Document between two or more parties indicating a need to take or not take a previous action taking place. For example, a bank may commit to make a loan dependent on a satisfactory credit rating for the borrower.
Popular Real Estate Terms
Time period that a round of regular recurring construction takes place. There may be boom and bust times in construction activity. ...
Early American architectural housing style stressing a gambrel roof and overhanging eaves. ...
Land located next to water that has and will continue to experience water damage. The land generally is not suitable to build a structure on. In some cases, federal or local government may ...
Written agreement between two or more parties to extend the terms of a document. ...
Nationwide group of independent real estate brokers who cooperate together and share information regarding clients who are seeking to relocate from one area of the country to another. The ...
Same as term annuity: Equal period payments or receipts. Examples of an annuity are annual rental receipts from a real estate investment and cash dividends from a real estate firm's ...
Financial standing of a debtor as a basis to pay obligations. ...
(1) Qualifications applying to an estate occurring when the estate is feated or enlarged. (2) Restrictions in a deed. See also condition precedent; condition subsequent. ...
A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...
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