Definition of "Term"
- A stated of years.
- The length of time something is effective, such as a two-year rental.
- A condition specified in an agreement. An example is that the tenant must not have a cat in the apartment.
Popular Real Estate Terms
The Women’s Council of REALTORS® is one of the affiliate organizations of the National Association of REALTORS® (NAR). This nonprofit organization is a network of successful ...
Amount required to payoff the full balance of the mortgage today. The amount equals the principal balance plus any prepayment penalty. ...
One who acts as a witness and fives written testimony under oath. ...
Con can mean the downside of any relevant aspects that need to be weighed and evaluated before any decision is made. For example, there are pros and cons to living near an airport and one ...
Branching is a widespread phenomenon in banking and other financial domains. A branch office defines an office or business bureau that a company opened in another location to provide ...
An offset statement defines a specific property owner’s underwritten certificate against their property. The reason behind this action is to set forth the current condition of liens ...
Lien on a given property, such as an person's house as a collateral for a loan. ...
Map showing the kinds of soil in a designated locality. ...
Structure designed to span an open space between to supporting members. ...
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