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Popular Real Estate Glossary Terms
Difference between the rent received by a lessee for the subletting property and the rent the lessee pays the lessor. ...
Type of business interruption insurance that provides indirect loss coverage by endorsement to boiler and machinery insurance. The latter, sometimes called power plant insurance, provides ...
A provision that allows a mortgage recorded at a later date to take preference over an existing mortgage. ...
Insects that destroy the support wood in the structure of a building. Termite inspection should be periodically performed to detect their existence. If an infestation is confirmed, the ...
Means of determining that a loss has occurred and setting an economic value on it so that a claim can be paid. When an insured suffers a loss, an adjuster must determine that it actually ...