Encroachment refers to a building, part of a building, or obstruction that physically intrudes upon, overlaps, or trespasses upon the property of another; verified by a survey.
A comprehensive examination of encumbrances - rights or interests in real property that do not prohibit the transfer of title but diminish property value.
Understanding the different legal forms of ownership, including Corporation, S Corporation, Sole Proprietorship, Joint Venture, Limited Partnership, Partnership, Tenancy in Common, Joint Tenancy, Limited-Liability Corporation, Limited-Liability Partnership, and Real Estate Investment Trust (REIT), and the benefits and risks associated with each.
A detailed analysis of the necessity, process, and implications of Environmental Site Assessments, including various types, methodologies, historical context, and practical applications in modern real estate and development projects.
An examination of the interest held by one who has agreed to purchase but has not yet closed the transaction, known as equitable title.
Equity buildup refers to the gradual increase in an owner's equity in mortgaged property caused by the amortization of loan principal.
The right of a mortgagor to save their property from foreclosure by paying all debts, costs, and interest after a default.
An Equity Real Estate Investment Trust (REIT) is a type of REIT that holds ownership in real estate properties, generating income from rents and capital appreciation.
The Equity Yield Rate is the rate of return on the equity portion of an investment, considering periodic cash flow and resale proceeds. This metric takes into account the timing and amounts of cash flow after annual debt service, but does not include income taxes.
A detailed exploration of escrow, a mechanism that involves a written instrument, such as a deed, being temporarily deposited with a neutral third party until the conditions of a contract are met. This article covers types, historical context, examples, and applicability in various sectors.
An in-depth exploration of escrow accounts, their roles in real estate, and applications for holding funds securely until they are needed.
An escrow agent is a neutral third party responsible for holding funds or assets until certain conditions are met, commonly used in real estate transactions.
Detailed explanation of Escrow Closing, particularly in states where deeds of trust are used instead of mortgages, encompassing examples, historical context, and related terms.
An in-depth exploration of the concept of 'Estate' in the context of ownership, including real property and personal property, and the nature and extent of interests in land.
An in-depth exploration of the concept of Estate in Reversion, its types, historical context, examples, and relevance in contemporary real estate and legal practices.
An Estate in Severalty refers to the exclusive ownership of a property by a single individual, distinguishing it from forms of joint ownership. This entry explores the concept, legal implications, examples, and related terms.
An in-depth guide to estate planning distribution, including methods for distributing property during one's lifetime and posthumously through wills and state law.
An estoppel certificate is a document by which the mortgagor certifies the balance and terms of a mortgage loan, preventing later disputes over the stated debt amount.
Comprehensive coverage of the legal concept of estovers, detailing the rights of tenants, types of estovers, historical context, and related legal terms.
An Evaluator is an independent expert who appraises the value of properties with limited trading, like antiques in an estate or rarely traded stocks or bonds. The evaluator's fee can be a flat amount or a percentage of the appraised value.
Eviction is the physical expulsion of someone from real estate by the assertion of superior title or through legal proceedings. This entry discusses types, processes, and implications of eviction.
Actual eviction refers to the removal of a person from a property, either by force or by due process of law. This legal term encompasses physical removal and has significant implications in landlord-tenant relationships.
Overview of constructive eviction, a legal concept where through the landlord's fault, physical conditions of a property render it unfit for its leased purpose.
Documents such as deeds that prove ownership and should be kept in a safe place.
A detailed examination of the historical records and documents pertaining to the ownership and conditions of a real estate title, focusing primarily on recent records for quick verification.
An Exclusive Agency Listing is a real estate contract that grants one broker the exclusive right to sell a property while allowing the owner to sell the property privately without paying a commission.
An in-depth exploration of the Exclusive Right to Sell Listing, its functionality, benefits, and comparisons with other listing agreements.
An extraordinary assumption is a vital hypothesis within an appraisal process, crucial to the accuracy of the value opinion provided. If this assumption proves incorrect, the entire appraisal's validity is compromised. Compare it to a hypothetical condition.
A comprehensive overview of the Fair Housing Law, which prohibits discrimination in the sale or rental of homes and apartments.
An in-depth exploration of Fair Market Rent, the amount a property would command if it were now available for lease, including its definition, types, considerations, examples, historical context, applicability, related terms, FAQs, references, and more.
An in-depth look into Fair Market Value — the price at which an asset or service changes hands between a willing seller and a willing buyer under normal conditions.
A Family Limited Partnership (FLP) is a type of Limited Partnership where interests are held by members of the same family, offering advantages in gift and estate tax reductions but limiting complete ownership freedoms.
A comprehensive overview of Fannie Mae, also known as the Federal National Mortgage Association, including its history, functions, and impact on the housing market.
An in-depth look at Farmer Mac (Federal Agricultural Mortgage Corporation), its functions, history, and impact on the agricultural mortgage market.
An in-depth look at the Federal Home Loan Mortgage Corporation (FHLMC), also known as Freddie Mac, including its functions, history, structure, and significance in the U.S. mortgage market.
The Federal Housing Administration (FHA), founded in 1934, is a key agency within the U.S. Department of Housing and Urban Development (HUD). It administers various loan, loan guarantee, and loan insurance programs to boost housing availability.
The Federal Land Bank is an agency that provides mortgage loans on rural properties to farmers and individuals who provide essential services to the farming and ranching community. Borrowers are required to purchase stock in their local land bank association as additional security for the loan.
The Federal National Mortgage Association, known as Fannie Mae, is a publicly owned Government-Sponsored Enterprise (GSE) chartered in 1938 to purchase mortgages from lenders and resell them to investors.
Fee in the context of real property refers to an estate of complete ownership that can be sold or devised to heirs. Additionally, a fee can signify the cost of professional services.
Fee Simple, or Fee Absolute, represents the most complete ownership of real property, with unconditional power of disposition during the owner's life, and inheritance rights upon death.
An in-depth look at Furniture, Fixtures, and Equipment (FF&E), including definitions, types, applications in various industries, and related concepts.
An in-depth look at FHA Mortgage Loans, insured by the Federal Housing Administration (FHA), including the popular Section 203(b) program.
The FHFA House Price Index (HPI) is a comprehensive measure of the movement of single-family house prices in the United States. Compiled by the Federal Housing Finance Agency (FHFA), this index is based on data collected from loans held by government-sponsored enterprises (GSEs), and values are available for each state and metropolitan area.
A comprehensive guide to understanding fifteen-year mortgages, their benefits, and key considerations
A process where housing units or neighborhoods become occupied by progressively lower-income residents over time.
An in-depth exploration of financial feasibility focusing on assessing the economic justification of proposed land use changes.
An in-depth exploration of the Financial Management Rate of Return (FMRR), its calculation, application in real estate investments, and comparison with the Internal Rate of Return (IRR) method.
A comprehensive look at the term 'Finish Out' in the context of construction and real estate, including tenant finish-out allowances.
In the world of real estate and finance, First Lien Debt refers to the debt recorded first against a property, making it the primary claim in the event of default. This is a critical concept for lenders and borrowers alike.
A comprehensive overview of the First Mortgage, including its role, types, legal considerations, historical context, and comparison with other types of mortgages.
A comprehensive guide to understanding fixtures, their legal implications, tax considerations, and examples.
An in-depth exploration of the term 'flat' covering various contexts in finance, real estate, trading, and more.
The Fleet Factors decision clarified a lender's potential exposure to liability for environmental cleanup if the lender acquires property by foreclosure.
Flipping refers to the practice of buying real estate, securities, or IPOs with the intent of reselling them quickly to profit from market fluctuations.
Flood Insurance covers property damage caused by natural flooding, offering protection through private insurers while being encouraged and subsidized by the federal government. It is mandatory for buyers using a federally related mortgage to purchase a house in a floodplain.
A comprehensive overview of Floor Duty, a critical responsibility in real estate sales, where salespersons handle potential client inquiries during assigned office hours.
A comprehensive guide to understanding floor plans, including their importance, types, examples, and applications in architecture, real estate, and interior design.
An in-depth exploration of Floor-Area Ratio (FAR), its calculation, significance in urban planning, and implications in real estate and development.
The Federal National Mortgage Association, commonly known as Fannie Mae, facilitates liquidity, stability, and affordability in the U.S. housing market by ensuring that lenders have sufficient funds to lend to homebuyers.
A comprehensive understanding of forbearance in the context of contractual obligations, remedies for default, and the legal implications.
A Forced Sale is a mandatory sale of an asset or property at less than its fair market value because the seller is compelled to sell urgently, often due to legal or financial pressures.
Foreclosure is the legal process by which a lender or creditor can seize and sell a property used as collateral to satisfy an unpaid debt. This process involves terminating all rights of the mortgagor or grantee in the property.
Fractional Interest refers to the ownership of some but not all rights in real estate. Examples include easements, hunting rights, and leasehold properties.
Fraud and flipping involves the illegal practice of purchasing properties and rapidly reselling them at inflated prices to defraud lenders. This entry explores definitions, types, examples, and related terms.
Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored entity that plays a crucial role in the American mortgage market.
In property law, a title is free and clear if it is not encumbered by any liens or restrictions. One conveys land free and clear if he transfers a good title or marketable title.
A comprehensive guide to Freehold Estates, which are interests in real property for life or of uncertain duration.
An in-depth explanation of the Front Foot, a standard measurement of land applied at the frontage of its street line, commonly used for lots of generally uniform depth in downtown areas.
Comprehensive explanation of Front Money, its uses, significance, and some practical examples in project initiation, including purchasing, planning, permits acquisition, and loan commitments.
Comprehensive understanding of frontage, which refers to the linear distance a piece of land extends along a lake, river, street, or highway, often priced per front foot.
Functional obsolescence refers to the reduction in value of an asset due to its outdated features, often influenced by changing consumer preferences or advancements in technology.
Comprehensive understanding of Funds From Operations (FFO) in Real Estate and Finance.
An in-depth exploration of Funds From Operations (FFO), a key measure of profitability for Real Estate Investment Trusts (REITs), including its calculation, significance, and associated terms.
Furniture, Fixtures, and Equipment (FF&E) refers to movable assets in a hotel that wear out rapidly and require regular replacement. This entry covers the definition, types, considerations, and significance of FF&E in the hospitality industry.
An in-depth look at the concept of Future Interest, its types, historical context, and applicability in legal and financial contexts.
Gap Loan refers to a temporary loan that fills the difference between the floor loan and the full amount of the permanent loan, often used during the rent-up period in real estate development.
A garage sale, also known as a tag sale, is an informal event where households sell used goods directly to buyers. These sales are typically held in garages, driveways, or yards.
Comprehensive overview of garden apartments, a type of housing complex featuring access to lawn areas for tenants.
A guide to understanding the role and responsibilities of a general contractor in the construction industry.
An in-depth guide to understanding General Property Tax, including its types, applicability, historical context, and related terms.
A General Warranty Deed guarantees that the grantor holds a clear title to a piece of real estate and has the right to sell it. This deed provides the highest level of protection for the grantee.
A Gift Deed is a legal document utilized in the voluntary transfer of property ownership without any monetary transaction, based on love and affection.
Ginnie Mae is a nickname for the Government National Mortgage Association, which guarantees mortgage-based securities. Learn about its role, types of securities, historical context, and more.
Glass Insurance provides protection against damages to glass components of buildings, vehicles, and other properties.
An in-depth exploration of what constitutes a 'Good Title' in real estate, including its definitions, types, examples, historical context, and common legal concerns.
A detailed overview of the Government Rectangular Survey system, its structure, historical context, and its application in land measurement and division in the United States.
A Graduated Lease involves periodic adjustments to the rental amount, usually pre-defined at specific intervals, allowing flexibility for both tenants and landlords.
An in-depth exploration of Graduated Payment Mortgages (GPM), their structure, applicability, historical context, and much more.
Definition and applications of the term 'Grant' in legal deeds of property conveyance and financial transfers.
A 'Grantee' is the party to whom the title to real property is conveyed, typically recognized as the buyer in real estate transactions. Understanding the role and responsibilities of a grantee is essential for grasping the legal intricacies of property transactions.
Gross Income Multiplier (GIM) is a real estate valuation metric used to evaluate an income-producing property's value by comparing its gross income to its purchase price or value.
Gross Leasable Area refers to the total floor area of a building available for leasing, usually measured from its outside walls. This term is essential in real estate and property management for understanding lease agreements and property valuation.
A comprehensive article on Gross Lease, where the landlord is responsible for all property expenses, including taxes, insurance, utilities, and repairs.
An in-depth analysis of the Gross Rent Multiplier (GRM), a tool used for estimating the value of income-producing real estate.
A ground lease is a type of lease agreement where the tenant rents the land only and any buildings or structures made on the land are typically owned by the tenant during the lease term. Ground leases are often long-term, such as for 30 or more years, to make it feasible for development projects.
Comprehensive explanation of ground rent, taxation aspects, and its treatment in various scenarios.
A Growing-Equity Mortgage (GEM) is a type of mortgage loan where the payment increases annually, and the additional payment is applied towards the principal, significantly reducing the loan's maturity period.
Comprehensive coverage on Government-Sponsored Enterprises (GSEs) such as FNMA (Fannie Mae) and FHLMC (Freddie Mac), their functions, history, and roles in the financial and real estate markets.
Understand the concept of Guaranteed Mortgage, its types, features, historical context, and relevance in modern finance.
A Guardian Deed refers to a deed given for the sale of real estate by an individual appointed by a court to administer the personal affairs or property of another individual who is not capable of performing such duties themselves.
