A backfill defines the act of replacing a vacant lot. People use a backfill as a replacement for an unoccupied position.
Backfill in construction and archaeology!
The most common definition of backfill is dirt, earth, or residue left from an original digging site. You can find a backfill around a building foundation, which construction workers use for backfilling for support. More precisely, they fill holes with this material to strengthen a building.
Often, builders apply this material to refill an excavated area. You’ll encounter a backfill in archaeology, where they use a backfill to build up a trench or the former ground surface.
Backfill plays an integral part in real estate’s foundations.
Backfill is, first and foremost, a natural material, a mixture of soil, pebbles, stones, sand, or other ‘ingredients’ left behind once they complete an excavation project. Then workers use this to fill a void.
Backfill material is an essential part of the construction. Without it, we can achieve no solid grading. Therefore, we can’t neglect it in the real estate market either. If there’s not enough backfill left, they will transport it to the given building site.
A landlord may backfill a lease.
Often, tenants complain about their landlord’s bogus practices. Before signing any lease, be it even a short-term lease, renters should establish complete terms with their landlords. For instance, they may ask renters to sign an incomplete lease. Landlords reason that they will backfill the lease at a later date. We strongly recommend you not to comply with their request!
Everyone must fill in all blanks before agreeing to sign any official document. Virtually, the practice of backfilling a lease is a violation of landlords-tenants rights 101! Let’s suppose they backfill a lease with a much higher price you initially settled with. Then, the law will still bind you to pay the sum figuring on the lease on the contract. Check your state’s statutory laws, namely the Model Residential Landlord-Tenant Code or the Uniform Residential Landlord And Tenant Act (URLTA.)
Indeed, finding a common denominator with your landlord is a genuine art form. Contact a local real estate agent if you have doubts or questions about your landlord’s ambiguous practices!
Find a backfill for a missing tenant!
The act of backfilling can also occur when a tenant agrees to stay at a fixed term but has a change of heart. Soon, they decide to leave the apartment sooner. They wish to get out of the lease as well. Yet, they can’t find the next tenant to assume the remaining lease. Subsequently, the landlord has to find a backfill for the vacant apartment.
Backfill for a company
The meaning of a backfill also refers to the act of occupying a vacant job or an individual who takes over a former employee’s place as a replacement. Any successful brokerage will inform you that backfills are vital to maintaining continuity.
Backfill positions are available when regular employees are absent, terminated their job contract, or promoted. Also, maternity leave or sickness can create backfill positions at a company. Backfill jobs can be temporary when the broker or real estate agent returns from said leave.
Popular Real Estate Terms
An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many ...
Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...
revising the terms of a loan such as when the borrower is experiencing severe financial difficulties. For example, a homeowner lost his job and seeks relief by requesting the lender ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Clause inserted into a commercial lease by a mortgagee stating the lessee's current lease will not be terminated if there is a foreclosure action against the landlord for the failure to ...
Ownership of property by two or more people in undivided interests, without the right of survivorship. Each coowner's interest may be conveyed separately by its owner. Tenancy in common ...
Molding used in corners simulating a quarter of a circle. ...
Rooflike cover that extends over any place to provide shelter from the sun, rain, or wind. ...
Civil rights acts passed by the U.S. Congress includes those of 1866, 1870, 1871, 1875, 1964, and 1968. The first two acts gave blacks the rights to be treated as citizens in legal actions, ...
Have a question or comment?
We're here to help.