Future Interest
Definition of "Future interest"
An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where a future interest in property could occur. One possibility is a present life estate which will pass to another individual having a future interest as a fee simple estate. Other opportunities for a future interest occur with a reversion and/or a remainder.
Popular Real Estate Terms
Right to property depends on some occurrence. ...
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Representative house, apartment, or cooperative used as a sales tool to show how the actual unit bought will probably appear in design and construction. An example is a model apartment. ...
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When you sign a Listing Agreement with a real estate broker or agent, he or she has a fiduciary responsibility to represent your interests exclusively. However, should another client ...
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Property highly leveraged. An example is when a landlord buys an apartment house paying minimum cash payment down and the balance on mortgage. ...
Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often finished and made into additional bedrooms. ...
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