Material Fact
Definition of "Material fact"
Significant information that if disclosed would affect an individual's decision. For example, a buyer would probably not enter into a contract with a seller of real property if it was known that the seller was a criminal.
Popular Real Estate Terms
A building having one house hold on the first floor and a second household on the second floor. ...
Tax term describing current and necessary business expenses. Ordinary and necessary business expenses do not include long-term capital losses. For example, the XYZ stationary store deducts ...
Site where mobile homes are located. Mobile home parks are often mandated by municipal zoning laws. They provide necessary utilities to the mobile homes often including recreational ...
A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...
The first mortgage on property when other mortgages exist as well, as in the case of a wraparound loan. For example, the total amount financed might be %200,000 of which the first lien is ...
Glass containing wire support to make it stronger. There is less chance of glass being broken into pieces and hurting people. ...
Additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the correctness of a deficiency with the IRS. There can be an appeal to the Tax Court without ...
Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...
Body o law relating directly to condominiums and cooperative developments. Most property law provides vertical ownership of property in the sense that property owners own mineral rights as ...
Comments for Material Fact
is mobile phone base station statistics for a property a material fact?
Aug 25, 2018 20:03:45You could certainly make a case for it if the static is unbearable.
Aug 27, 2018 11:20:31But we don't think it would be a strong case, especially because there's a lot of other reasons that increases and attenuates static, and a lot of workarounds that.
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