Definition of "Hazard"
Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house.
Popular Real Estate Terms
House modeled after the dwellings constructed by the Pueblo Indians in the American southwest. A pueblo or adobe style house is made from adobe brick or materials simulating adobe brick. ...
Amount of rent specified in the lease contract. ...
Loan secured by the pledge of specific collateral. ...
Something that has been built and physically exists at a specified location, such as a building, garage, etc. Something consisting of related parts, such as the organization and terms of ...
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. ...
A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...
When a real estate company switches from one accounting method to another. ...
The company is not responsible to a third party if an account or financial instrument is dishonored by the debtor. The creditor's recourse is solely to the debtor's property. An example is ...
An interest a landlord has in lease property. ...
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