 |
|
What people are saying - Write a reviewWe haven't found any reviews in the usual places. Related books
Common terms and phrasesacuerdo affidavit agency agente agreement agrimensura de terrenos amount appraisal principle area ARELLO arrendamiento arrendatario base borrower borrowers building business buyer certifícate charged clause cláusula comprador condemnation contract contrato corredor cost court covenant created debt deed of trust derecho documento dominio eminente dueño easement escrow established federal fídeicomitente fiduciaria foreclosure funds garantía generally given grantor gravamen hipoteca Housing impuestos income inmobiliaria inmueble insurance interest Internal Revenue Service inversión investment judgment land lease lender licensed lien life listing market mediante money mortgage loan obsolescence ownership pago paid parcela de terreno parties partnership party payment persona plica policy posesión possession préstamo hipotecario prestatario price principal purchase raíces real property receives rectangular government renta right servidumbre sistema de agrimensura specific square miles subdivisión survey system tasa de interés tenancy tenant terms title titularidad título de propiedad transacción transfer transferencia transfiere used usually valor value Véase vendee venta written zona zoning Popular passagesPage 112 - ... special warranty deed A deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, "by, through or under the grantor but not otherwise. Page 28 - ... contract A legally enforceable promise or set of promises that must be performed and for which, if a breach of the promise occurs, the law provides a remedy. A contract may be either unilateral, by which only one party is bound to act, or bilateral, by which all parties to the instrument are legally bound to act as prescribed. Page 37 - ... dominant tenement A property that includes in its ownership the appurtenant right to use an easement over another person's property for a specific purpose. dower The legal right or interest, recognized in some states, that a wife acquires in the property her husband held or acquired during their marriage. During the husband's lifetime the right is only a possibility of an interest; upon his death it can become an interest in land. dual agency Representing both parties to a transaction. This is... Page 12 - ... basis The financial interest that the Internal Revenue Service attributes to an owner of an investment property for the purpose of determining annual depreciation and gain or loss on the sale of the asset. If a property was acquired by purchase, the owner's basis is the cost of the property plus the value of any capital expenditures for improvements to the property, minus any depreciation allowable or actually taken. This new basis is called the adjusted basis. Page 34 - ... of a duty, whether arising under a contract or otherwise; failure to meet an obligation when due. defeasance clause A clause used in leases and mortgages that cancels a specified right upon the occurrence of a certain condition, such as cancellation of a mortgage upon repayment of the mortgage loan. defeasible fee estate An estate in which the holder has a fee simple title that may be divested upon the occurrence or nonoccurrence of a specified event. There are two categories of defeasible fee... Page 30 - It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror. covenant A written agreement between two or more parties in which a party or parties pledge to perform or not perform specified acts with regard to property; usually found in such real estate documents as deeds, mortgages, leases, and contracts for deed. covenant of quiet enjoyment The covenant implied by law by which a landlord guarantees that a tenant may take possession of leased... Page 58 - Agreement for the use of the land only, sometimes secured by improvements placed on the land by the user. Ground Rent: Earnings of improved property credited to earnings of the ground itself after allowance is made for earnings of improvements, often termed economic rent. Page 86 - An agreement to keep open for a set period an offer to sell or purchase property. option listing Listing with a provision that gives the listing broker the right to purchase the listed property. ostensible agency A form of implied agency relationship created by the actions of the parties involved rather than by written agreement or document. package loan A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes... Page 5 - ... prevents the borrower from assigning the debt without the lender's approval. allodial system A system of land ownership in which land is held free and clear of any rent or service due to the government; commonly contrasted to the feudal system. Land is held under the allodial system in the United States. American Land Title Association (ALTA) policy A title insurance policy that protects the interest in a collateral property of a mortgage lender who originates a new real estate loan. amortized... Bibliographic information
|
