Declaration
Definition of "Declaration"
Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence.
Popular Real Estate Terms
Situation in which a business debts exceed the fair market value of its assets. ...
Written acknowledgment by an individual holding title to property that it is being held in trust for another. ...
Requires collateral to secure the debt. An example of collateral might be one's home. ...
The interest left in an estate after all costs have been deducted. For example, if a business is willed to X for life with the balance to Y upon X's death, Y has a remainder interest. ...
Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence. ...
The act or removing or dispossessing or expulsion of an individual from a premise by force or law. ...
The accelerated cost recovery system is a depreciation system for tax purposes mandated by the Economic Recovery Tax Act of 1981. In 1986 the Accelerated Cost Recovery System (ACRS) was ...
Descriptive of a property boundary that follows the course of a river or estuary. For example, a land description may say its boundary follows "the meander of the river" meaning the ...
Capital appreciation financial goals set by a company or an individual over an extended period of time. Long-term capital goals establish a method for achieving the capital goal outcome ...
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