Renegotiate
Revising the provisions, conditions, or terms of an oral or written agreement or contract. An example is when a contractor wants to increase the price of a job on a home when he realizes the original amount was considerably understated considering unexpected problems.
Popular Real Estate Terms
Written agreement between two or more parties to extend the terms of a document. ...
Amount of tax to be paid based on taxable income. The tax rate usually changes as the unit of the tax base changes. Individual: Tax rate depends on whether the tax return is for a ...
To depreciate is to lose value for something. Depreciation is the act of losing worth.Connecting with real estate, Property depreciation can be both an accounting method typically used to ...
Large room at the entrance to a building designed for people to converse or move about freely. ...
Residential or commercial building of two or more floors that can only be accessed through stairs. It is more common in urban areas. ...
Form of financing that replaces or "takes-out" a construction loan to a developer. The take-out loan is a permanent mortgage loan which replaces the construction loan when, commonly, the ...
Architectural plan which may include blue prints of a property project. Designs must meet technological and zoning requirements. ...
Penalty charged if an amount owed on the purchase of real estate is not paid on time, ...
Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was ...
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