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CUL DE SAC A street which is open at one end only, and which usually has a circular turnaround; a blind alley. LESSOR The person who rents or leases property to another. In residential leasing, the lessor is often referred to as a landlord. OFFER A promise by one party to act or perform in a specified manner provided the other party will act or perform in the manner requested. TRUTH-IN-LENDING ACT Federal law requiring written disclosure of the terms of a mortgage (including the APR and other charges) by a lender to a borrower after application. Also requires the right to rescission period. AGREEMENT OF SALE Contract signed by buyer and seller stating the terms and conditions under which a property will be sold. APPURTENANT Belonging to; adjunct; appended or annexed. |
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