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- A real estate term used to refer to a property that is in its present condition without the seller giving any guarantees. The term is used when a seller is selling a property in its current condition to a buyer, who is agreeing to purchase it with all its faults, including the faults that are not yet apparent.
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Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
Oct 6, 2021 · In this glossary, you’ll find commercial real estate lease terms, commercial real estate loan terms, commercial real estate finance terms, and other important commercial real estate terms and definitions.
Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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Sep 13, 2024 · Real property is a common technical term for “real estate” that is transferred from owner to owner by written deeds. For many of us, it could mean a house or a condominium , but the...
a decision based only on a specific rule or rules and not on any other consideration: The case was dismissed on a technicality and will be retried at a later date. (Definition of technicality from the Cambridge Academic Content Dictionary © Cambridge University Press) Examples of technicality. technicality.
Aug 13, 2021 · I’ve pulled together a comprehensive dictionary of real estate terms and definitions. From the obscure to the obvious, your clients will find all the information they need below. And you might even find it helpful as you brush up on a term or two.
