Interstate Land Sales Full Disclosure Act
Definition of "Interstate Land Sales Full Disclosure Act"
A federal act requiring potential purchasers and lessees of undeveloped land be provide with all necessary information required to make an informed decision regarding the desirability of the land being considered prior to making any purchase or lease decisions. The purpose is to provide full consumer information.
Popular Real Estate Terms
Device that cuts off an electric circuit when the current becomes to strong. ...
Property that is unoccupied and thus not being used. It is usually raw land with no structure or improvements theron. ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
What is Novation? What is the definition of novation? Jointly agreeing to provide an equivalent legal obligation or debt for a previous one. Persons to the contract can also be ...
Person or business that provides an option to someone else. ...
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Financial institution that services savings and checking accounts, provides loans, and deals with negotiable instruments. Stringent federal and local regulations exist over banking ...
Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by ...
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