Detailed explanation of CO-OPs including their types, historical context, and relevance in real estate and housing.
In-depth exploration of various legal arrangements by which property is owned by more than one person, including Tenancy in Common, Joint Tenancy, Community Property, Partnerships, and Limited Liability Companies (LLCs).
An in-depth look at Co-Tenancy, the simultaneous possession and rights holding of a unit of property by two or more persons. It covers Joint Tenancy, Tenancy by the Entirety, and Tenancy in Common.
A commercial broker lists and sells commercial property, including shopping centers, office buildings, industrial facilities, and apartment projects.
Commercial property refers to real estate intended for use by businesses for retail, wholesale, office, hotel, service, manufacturing, or industrial purposes.
An in-depth overview of Commercial Property Policy, covering business risks such as goods in transit, fire, burglary, and theft, with a focus on the Special Multiperil Policy (SMP).
In-depth overview of common areas within properties, including their types, examples, legal considerations, and management.
An in-depth overview of common elements in a condominium, detailing their significance, types, examples, historical context, and legal considerations.
A community association is an organization of property owners formed to manage and oversee common interests and responsibilities within a condominium, planned unit development, or subdivision.
An in-depth look at comparables (comps) in real estate, which are properties similar to the one being sold or appraised. This article explores various facets, including adjustments and appraisals, providing a comprehensive understanding of the concept.
An in-depth exploration of Comparative Market Analysis (CMA), its methodology, significance, and application in real estate valuation.
A legal instrument used to ensure the completion of a real-estate development according to specific conditions and requirements.
Learn about COMPS, short for Comparables, an essential term in real estate appraisal used to determine property value by comparing it to similar properties.
Computer-Assisted Mass Appraisal (CAMA) refers to proprietary software used to make fast valuations of one or more real properties. The program may range from simple percentage increase calculations to complex statistical techniques.
Computerized Loan Origination (CLO) refers to the use of specialized computer software in the origination of mortgage loans, often by an individual who is not a loan officer, connecting the originator to various mortgage lenders. It enables real estate brokers to offer a broader range of services.
A detailed definition of 'concession' encompassing small shops, government-granted rights, lease incentives, and selling group compensation.
Condemnation involves the process where the government takes private property for public use, providing compensation to the owner under eminent domain. It is often utilized for public infrastructure projects and involves legal and tax considerations.
An in-depth exploration of compensation received through the Condemnation Award process, including the valuation, legal procedures, historical context, and practical applications.
A comprehensive exploration of 'Condition' including its definitions in legal, real estate, and quality contexts.
An in-depth exploration of Conditional-Use Permits, also known as Special-Use Permits, including their purpose, types, and application in land-use planning.
Conditions, Covenants, and Restrictions (CCRs) are rules stated in condominium or subdivision deeds or bylaws that define how property may be used, ensuring a harmonious and attractive setting.
Comprehensive coverage on the concept of Condominium ownership, detailing its structure, benefits, special considerations, and its distinct nature in the realm of real estate.
In-depth explanation of condominium conversion, its types, legal frameworks, historical aspects, and implications for property owners and tenants.
An in-depth discussion of condominium declarations; explaining its role, significance, structure, and legal implications in real estate and property laws.
An in-depth look at Condominium Owners' Associations, their role in managing common elements, and enforcing bylaws in condominiums. Comparison with similar entities such as Community Associations.
A Conforming Loan is a residential mortgage loan eligible for purchase by FNMA or FHLMC, offering lower interest rates and more favorable terms than nonconforming loans, with dollar limits adjusted annually.
Comprehensive coverage on the implications of consequential damages, primarily focusing on the loss in property value due to neighboring property developments or takings.
A detailed definition and explanation of a Construction Loan, its types, special considerations, examples, historical context, applicability, comparisons, related terms, frequently asked questions (FAQs), references, and final summary.
An in-depth exploration of Constructive Notice and its implications in law, real estate, and general applications. Includes types, historical context, examples, and related terms.
Comprehensive guide to understanding the concept of Contract Price in Installment Sales for tax purposes, including its definition, calculation, historical context, and significance.
Contract Rent refers to the predetermined amount of rent specified in a rental agreement, distinguishing it from economic rent, which is influenced by market conditions.
A detailed description of a conventional mortgage, including its definition, types, special considerations, examples, historical context, applicability, comparisons, related terms, frequently asked questions, and references.
Detailed information about converters, entrepreneurs who change the ownership and physical configuration of property, their roles, and impact on the real estate market.
A detailed explanation of 'Convey' as it pertains to the transfer of property from one party to another, including the legal formalities involved.
Detailed explanation of conveyance, its types, processes, historical context, and related terms in real estate law.
A detailed exploration of cooperatives, including their role in real property ownership and collective production or marketing of goods by members.
A land parcel that is bounded on at least two sides by the intersection of two roads.
The Cost Approach method appraises property value by summing the reproduction cost of improvements and the market value of the site, then subtracting depreciation.
A counteroffer is the rejection of an original offer to buy or sell with a simultaneous substitute offer, typically involving different terms such as price, financing arrangements, or other conditions.
Creative financing refers to various non-traditional methods of financing property purchases other than obtaining a standard mortgage from third-party lending institutions.
A credit tenant in real estate refers to a large, established, and financially robust tenant that is rated at least investment grade by a major credit rating service. Properties leased to credit tenants can secure mortgage financing based on the tenant's high likelihood of honoring its lease.
A CUL-DE-SAC is a dead-end street with an intersection on one end and a closed turning area on the other, often valued for the privacy it provides to homes.
Curable Depreciation refers to the type of depreciation in real estate appraisal that can be rectified at a cost less than the value it adds to the property. Learn more about the concept, applications, and distinctions between curable and incurable depreciation.
An exploration of Current Market Value, its determinants, calculations, and significance in various industries, such as real estate and investments.
An in-depth overview of curtesy, detailing a husband's right to a life estate upon the death of his wife, under common law, encompassing historical context, examples, and related terms.
A detailed overview of custodians, encompassing their roles in finance and facilities management.
A custom builder specializes in constructing unique houses tailored to specific customer requirements, offering personalized designs to suit individual needs and preferences.
An in-depth look at debits in accounting and real estate, their applications, types, examples, and distinctions from credits.
The Debt Coverage Ratio (DCR) is a key financial metric used to assess the ability of income properties to cover their debt obligations. Calculated as the ratio of Net Operating Income (NOI) to Annual Debt Service (ADS), it plays a crucial role in mortgage underwriting.
Debt Service Coverage (DSC) is a critical financial metric used across corporate, government, personal finance, and real estate contexts to measure the cash flow available to service debt payments.
An in-depth exploration of 'Declaration' in various contexts including legal pleadings by a plaintiff, creation of condominiums, and insurance applications.
A comprehensive guide to Declaration of Trust, its legal implications, types, examples, and its role in property and estate planning.
In real estate, Dedication (Conveyance) refers to the transfer of land by a private owner to the public, subsequently accepted by a public authority. This can foster goodwill and serve public interest.
A comprehensive guide to deeds, including their function in conveying interest in real estate, various types, and related legal instruments.
A comprehensive guide to understanding Deed in Lieu of Foreclosure, its process, benefits, drawbacks, and legal considerations.
A Deed of Trust involves the transfer of legal title to a property from its owner to a trustee, so that the trustee may hold the title as security for the performance of certain obligations, monetary or otherwise, by the owner or a third party.
A deed restriction is a clause in a deed that limits the use of the land, potentially including prohibitions on activities such as the sale of alcoholic beverages. Such restrictions can have significant legal and practical implications.
An in-depth exploration of defective titles, encompassing unmarketable ownership rights, land titles susceptible to partial or other ownership claims, and negotiable instruments obtained through fraud or illegal means.
A deferred charge represents an intangible expenditure that is carried forward as an asset and amortized over the period it represents. It commonly includes fees such as those for arranging long-term loans.
Deferred maintenance in appraisal, a type of physical depreciation due to lack of normal upkeep.
Learn about Delayed Exchange, a tax-free exchange under Section 1031 of the Internal Revenue Code, which allows investors to defer capital gains taxes on investment property sales.
Delivery involves the voluntary transfer of title or possession from one party to another, often requiring actual or constructive delivery to complete the transfer. Essential for real estate and other asset transactions.
A detailed examination of demised premises, referring to property, usually real estate, which is leased or rented out through a formal agreement.
Exploring the concept of density in real estate, focusing on the intensity of land use, calculations, types, examples, historical context, and its importance in urban planning and development.
Detailed Overview of Density Zoning Laws that Restrict Land-Use Intensity, including examples, historical context, and applicability.
Comprehensive overview of depreciable real estate, its classifications, and the implications according to the Internal Revenue Code.
An in-depth explanation of depreciable realty, including criteria for depreciation, legal frameworks, and practical examples.
Descent is a method of acquiring property, usually real property, through the laws of descent and distribution from a decedent without the use of a will.
A comprehensive coverage of the concept of 'Description,' including its general use and specific applications in real estate.
A developer transforms raw land into improved land in real estate, utilizing labor, capital, and entrepreneurial efforts. In computing, a developer writes application software.
An in-depth examination of development in product innovation and real estate, including processes, types, and implications.
Comprehensive definition of Devise, explaining its use as testamentary gifts of real and personal property through wills, its historical context, and related terms such as bequest.
A comprehensive overview of the term "devisee," its legal implications, nuances, and historical context.
A detailed examination of Direct-Reduction Mortgages, which require payments that cover both interest and principal, ensuring loan amortization over the loan's term.
A comprehensive overview of the Discharge of Lien, which refers to the order removing a lien on property after the originating legal claim has been paid or otherwise satisfied.
A Required Statement Revealing Specified Information to Potential Buyers
A detailed explanation of a discount broker, including its services, comparison with full-service brokers, and relevance in stock markets and real estate.
Comprehensive overview of discount points, their purpose, and impact on loans including types, historical context, examples, and applicability in various scenarios.
The act of ousting, ejecting, or excluding another from the possession of lands or premises, whether by legal process or wrongfully.
A comprehensive overview of the legal process where landlords remove tenants to regain possession of property, known as dispossess proceedings.
Distraint is a legal right enabling landlords to seize a tenant's personal property to satisfy unpaid rent.
A comprehensive overview of Distress Sale, its implications, causes, examples, and related terminologies across various assets like stocks, bonds, mutual funds, futures, and real estate, often resulting from a margin call or foreclosure.
A comprehensive guide to understanding distressed properties, focusing on foreclosure and financial hardships in real estate.
A comprehensive exploration of the concept of a Dominant Tenement in property law, explaining its role, benefits, and interaction with servient tenements and easements.
A downpayment is the portion of the total cost of property or goods that is paid upfront in cash, reducing the amount of debt incurred.
The process of rezoning a tract of land for a less intensive use than that currently existing or permitted, known as downzoning.
Dual Agency is the situation in which a real estate agent represents more than one party to a transaction. It is accepted in most states with full disclosure, though many people do not consider it a good business practice because each party wants representation for his/her position.
Dual Contract refers to the illegal or unethical practice of providing two different contracts for the same transaction. The one with a larger amount is generally used to apply for a loan, while the actual contract reflects a lower amount.
A detailed exploration of the Due-On-Sale Clause, which mandates that a mortgage loan is due upon the sale or transfer of the property, including its implications, exceptions, and related concepts.
A comprehensive guide to understanding the duplex, including its types, history, and applicability in real estate.
A comprehensive look into the concept of a dwelling, its types, historical context, and relevance in modern society.
An in-depth look at Earnest Money Deposit, its purpose in real estate transactions, how it works, comparisons, historical context, and FAQs.
An easement grants a limited right to use another's land for a special purpose, such as utility lines, without possessing the land.
A comprehensive overview of economic obsolescence, an external factor causing depreciation in real estate value.
Economic Rent is the cost commanded by a factor that is unique or inelastic in supply. It plays a critical role in economic theories and real estate appraisals. This article explores its various aspects, applications, and implications.
An overview of Effective Gross Income (EGI), including potential gross income, vacancy and collection allowance, and miscellaneous income in rental real estate.
Ejectment is a legal action to regain possession of real property when there is no lease agreement between the parties.
A comprehensive overview of Elevator Liability Insurance, covering its purpose, components, applicability, and related concepts.
Understanding the concept of emblements, the rights of tenants to crops, and the legal handling of annual vegetable chattels.
A comprehensive exploration of the term 'Empty Nesters,' its implications on housing markets, demographics, and lifestyle adjustments.
