Quality Of Use
the type and value of real estate improvements made as well as the use to which land is put. This is controlled by zoning as well as suitability. For example, in a prime commercial downtown area large commercial department stores and high rise office buildings are constructed.
Popular Real Estate Terms
(1) Government seizes private property, but does not provide fair and reasonable compensation for it. (2) Property is seized and the owners rights abolished because of a legal violation. ...
Second home. The interest and real estate taxes on the second home are tax deductible on the family's 1040 tax return. ...
Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost and unit of utility. For example, an ...
To clip or prune shrubbery,etc. ...
An individual for whom a court has awarded a financial judgment against a debtor. For example, a court award makes Smith a judgment creditor against Cole for $2,000. ...
A rental stipulation a varying rental rate. Rental rate are determined tied to periodic appraisals or an inflation or an inflation index. The provision is more common in a long-term leases. ...
Lawsuit brought by one or more persons of a large group for the benefit of all members of the group. ...
Something offering protection against the wind such as trees and fences. ...
The selling of a parcel of land whereby the original owner agrees to immediately leaseback the property. The advantage of the land sale-leaseback in that the original property owner can ...
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