|
| Bank Mortgage Rate |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
RIPARIAN Those rights and obligations which are incidental to ownership of land adjacent to or abutting on watercourses such as streams and lakes. GENERAL CONTRACTOR A construction specialist who enters into a formal construction contract with a land owner or master lessee to construct a real estate building or project. GRANDFATHER CLAUSE Common expression used to convey the idea that something which was once permissible continues to be permissible despite changes in the controlling law. CAPITALIZATION A mathematical process for converting net income into an indication of value, commonly used in the income approach to appraisal. SPECIFIC PERFORMANCE A legal action brought in a court of equity to compel a party to carry out the terms of a contract. EXCLUSIVE LISTING A written listing of real property in which the seller agrees to appoint only one broker to sell the property for a specified period of time. The two types of exclusive listings are the exclusive agency and the exclusive right to sell. SUMMARY POSSESSION A legal process used by a landlord to regain possession of the leased premises if the tenant has breached the lease or is holding over after the termination of tenancy. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |