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
Number of small holes in a wall allowing water to drain from it. This makes the walls able to withstand water pressure. ...
What does contribute mean in everyday scenarios? The official “contribute definition” goes as follows: providing a thing of great value, regularly money, to help accomplish a ...
Property that is unoccupied and thus not being used. It is usually raw land with no structure or improvements theron. ...
Amount still unpaid at a particular date on a loan or other financing agreement. ...
Burdens one parcel of land (the servient estate) for the benefit of another parcel (the dominant estate). ...
Taxes owed due to nonpayment, underreporting, or omission (unknowingly or intentionally) from a prior year. The taxing authority will demand the back taxes, including possible fines, ...
Optional feature included in some homeowners insurance policies that pays the replacement cost of any personal property. ...
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Lack of supply of real property. When demand exceeds supply, price of the property goes up. For example, if there are only a few homes in a town that everyone desires to reside in, the ...
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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