Definition of "Material fact"

ANTHONY AMATRUDI PA real estate agent

Written by

ANTHONY AMATRUDI PAelite badge icon

Coldwell Banker

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.

Comments for Material Fact

S Street S Street said:

is mobile phone base station statistics for a property a material fact?

Aug 25, 2018  20:03:45

 
Real Estate Agent

You could certainly make a case for it if the static is unbearable. 
But 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.

Aug 27, 2018  11:20:31
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Created by the US Congress in 1965, the Department of Housing and Urban Development (HUD) is the agency principally responsible for federal programs relating to housing and urban ...

Survey of the maintenance requirements for a commercial or industrial rental property for the purpose of preparing a management agreement. ...

The appellant definition references a concept related to legal proceedings. The appellant is the individual who is dissatisfied with the judgment in a lawsuit and asks for a superior court ...

Written agreement between two or more parties to extend the terms of a document. ...

A notary public's guaranteeing the authenticity of a signature. ...

When you hear someone mentioning aesthetic value in connection with real estate, that person is using aesthetic value as a way to point price appreciation added to the property because of ...

A right or portion of property reserved to the grantor in a conveyance by deed. Waiver of a requirement in a lease agreement such as the landlord allowing an old tenant to have a cat or a ...

Fixed interest rate loan in which the payments are made every two weeks, but the payment is one half the amount of a regular monthly fixed-rate mortgage with the same amortization schedule. ...

In a principal gent transaction or contract where a third party knows the name of the principal the agent represents. This is a typical setting in real estate situations. In this ...

Popular Real Estate Questions