Residential rental property denotes rental units designated for dwelling purposes, characterized by specific tax implications and depreciation schedules. This comprehensive entry explores the nuances, examples, and regulations governing such properties.
Detailed exploration of Residential Service Contracts, often referred to as home warranties, covering plumbing, mechanical, and electrical systems in a home for one year.
An overview of the Real Estate Settlement Procedures Act (RESPA), its purpose, provisions, and impact on real estate transactions in the United States.
A comprehensive examination of the legal concept of 'restraint on alienation,' which outlines restrictions on the ability to convey real property interests, often in contradiction with the common law policy favoring free alienability.
A deep dive into the concept of restriction, including its general meaning and specific implications in real estate.
A comprehensive overview of retaliatory eviction, including legal protections, examples, historical context, applicability, and related terms.
A revaluation clause is a provision in a lease or contract that allows for the periodic revaluation of rent or price adjustments, often based on market conditions or other predefined criteria.
A Reverse Annuity Mortgage (RAM) allows elderly homeowners to monetize the equity in their fully-paid-for homes, providing them with a fixed monthly income or a lump sum while gradually relinquishing equity.
Reversion refers to the interest that remains with a property owner who has granted an estate less than their own full interest. This interest allows them to regain the property at some point in the future.
A comprehensive overview of Reversionary Interest, a type of property interest that reverts to the original owner upon the end of a preceding estate.
An in-depth exploration and explanation of reversionary value, a crucial concept in real estate finance, which refers to the estimated value of a property at the expiration of a specific time period.
Rezoning involves changing the allowed uses for parcels of land by altering their designation on the zoning map. This can have significant implications for property development and land use planning.
In-depth Explanation of Right of First Refusal, its Advantages, Applications, and Historical Context.
Detailed explanation of the Right of First Refusal (ROFR), a contractual right that allows specific parties to match the terms of a proposed contract before it's executed.
The right to recover property transferred by a mortgage or other lien by paying off the debt either before or soon after foreclosure, also called equity of redemption.
The Right of Survivorship is a legal doctrine that allows a surviving joint tenant to acquire the interest of a deceased joint owner, primarily observed in Joint Tenancy and Tenancy by the Entirety.
Comprehensive explanation of Right-of-Way, a specific type of easement involving the right to pass through a property for access or movement.
An in-depth look at riparian rights, encompassing usage and ownership of water and soil for landowners along water bodies.
A detailed explanation of Rollover Loans, a type of mortgage loan commonly used in Canada, that blends long-term amortization with short-term adjustable interest rates.
The Rule Against Perpetuities is a legal principle that ensures that a contingent interest in property must vest no later than 21 years after the death of a relevant measuring life, preventing indefinite control of property across generations.
A comprehensive overview of the legal concept 'Run with the Land,' explaining the nature of rights or restrictions that affect all current and future property owners.
Rurban areas represent regions on the fringe of urban development that are in the process of being developed for urban uses, blending characteristics of both rural and urban environments.
The S&P/Case-Shiller Index is a comprehensive measurement of U.S. residential real estate prices, tracking changes in the value of residential real estate.
The Sales Comparison Approach estimates property value by analyzing sale prices of similar properties recently sold, also known as the Market Comparison Approach.
Understand the concept of a sandwich lease in real estate, where a lessee becomes a lessor by subletting the property and stands between the property owner and the end user. Explore its implications, examples, and related terms.
An instrument for recording and acknowledging the final payment of a mortgage loan, confirming that the lender acknowledges the debt has been satisfied.
A scenic easement is an encumbrance on the title to a property intended to preserve it in a more or less natural or undeveloped state.
Exploring the concept of a Second Home in real estate, tax implications, and legal definitions.
Dive into the intricacies of second liens or second mortgages, their uses, types, historical context, and special considerations.
A comprehensive breakdown of Secondary Financing, including different types, special considerations, examples, historical context, applicability, and related terms.
An in-depth exploration of the secondary mortgage market, its key players, significance, and functions within the financial system.
A comprehensive overview of 'Section (of Land)', its definition, historical context, and application within the Government Rectangular Survey System.
An overview of Section 8 housing, the low-income rental assistance program created by the 1974 amendments to Section 8 of the 1937 Housing Act.
A Security Deposit is a nontaxable cash payment received by a landlord from a tenant, held during the term of the lease to offset damages or any lease violations. Discover its implications, historical context, and related terms.
In-depth exploration of Security Interest, covering its definition, types, legal implications, application, historical context, related terms, and frequently asked questions.
Seisin refers to the possession of real property by an individual who claims ownership of a fee simple estate, a life estate, or another sellable interest. See also: Title.
A detailed look into self-amortizing mortgages, covering definitions, types, examples, and comparisons.
An in-depth exploration of self-help measures by landlords to address lease defaults, their legality, examples, and contrasting them with formal eviction procedures.
An Overview of Seller Financing, Its Types, Implementation, and Benefits
A Seller's Market is a situation where there is more demand for a security or product than the available supply, leading to rising prices and favorable conditions for sellers.
Comprehensive definition of Selling Agent, including roles, responsibilities, comparison with Listing Agent, and frequently asked questions.
Exploring the concept of Senior Mortgages, their features, implications, and distinctions from other mortgage types like first and second mortgages.
An in-depth exploration of separate property in community property states, including definitions, types, tax implications, historical context, and critical comparisons with community property.
An in-depth look at the concept of servicing including its general application in equipment maintenance and its specialized role in financial loan management.
A comprehensive exploration of the term 'settlement' in the contexts of estate distribution, legal negotiations, and real estate transactions.
Understanding settlement cost, also known as closing cost, including its types, examples, and significance in real estate transactions.
The settlement date is a crucial term in both real estate and securities markets, representing the date on which a transaction is finalized and ownership is transferred.
A comprehensive guide to Settlement Statements in real estate transactions, detailing the amounts to be paid by each party and how the funds are distributed.
The Settlor is the person who establishes a trust, transferring assets to a trustee for the benefit of designated beneficiaries. This term is also known as donor, trustor, or grantor.
Severalty ownership is a legal concept referring to the ownership of real property by a single individual, distinct from co-ownership arrangements.
Severance Damages are a form of compensation awarded to property owners when a portion of their property is condemned, diminishing the value or usability of the remaining property.
A Shared-Appreciation Mortgage (SAM) is a residential loan with a fixed interest rate set below market rates, wherein the lender is entitled to a specified share of the appreciation in property value over a specified time interval.
A comprehensive guide to understanding Shared-Equity Mortgages (SEM) where lenders are granted a share of the equity, enabling them to participate in the proceeds from a property's resale.
A Shopping Center is a collection of retail stores with a common parking area, sometimes including an enclosed mall or walkway, ranging from small strip centers to large regional malls.
An in-depth exploration of short sales in securities and real estate, outlining the processes, risks, and implications.
A comprehensive guide to single-family housing, covering its types, characteristics, history, applications, comparisons, and related terms.
A plot of land prepared for or underlying a structure or development; location of a property.
A comprehensive evaluation of a site for the existence of hazardous waste, conducted prior to property acquisition to ensure compliance with environmental laws and regulations.
A comprehensive explanation of the Smoke Clause provision within the Extended Coverage Endorsement, covering smoke damage from sudden, unusual, and faulty operation of cooking or heating units connected by a vent to the chimney.
Soft Money refers to tax-deductible contributions in investments and development, as well as non-construction costs such as interest during construction, architect's fees, and legal fees.
A Spec House is a single-family dwelling constructed by a builder or developer in anticipation of finding a buyer, that is, speculatively.
An in-depth look at the responsibilities and types of special agents including real estate brokers and IRS fraud investigators.
Detailed Explanation of Special Assessments: Definition, Types, Considerations, and Examples.
A Special Warranty Deed provides a warranty of title limited to claims arising by, through, or under the grantor, excluding defects existing before the grantor's ownership.
A Special-Use Permit (or Conditional Use Permit) is a right granted by a local zoning authority to conduct specific activities within a zoning district that require special approval.
A specific lien is a legal claim against a particular piece of property making it a security for the payment of a debt, typically arising from unpaid taxes, mortgages, or legal judgments.
Speculative Building involves land development or construction without formal commitment from end users, contrasting with Custom Building where construction is under contract. Discover types, examples, and market impact.
A comprehensive guide on split commission, detailing how commissions are divided between brokers and financial professionals, with examples and historical context.
Spot zoning involves rezoning a specific parcel of land where all surrounding parcels are zoned for different uses, often leading to incompatibility with surrounding land uses.
A Spreading Agreement is a legal arrangement that extends the collateral of a loan to include multiple properties, thereby offering enhanced security to the lender.
Square footage is the area measured in square feet of a property or space for sale or rent. The inclusions in square footage calculations can vary considerably depending on the property type and usage.
Squatter's Rights involve the legal allowance for individuals to use a property they do not own. Over time, and under certain conditions, this may result in the acquisition of legal title to the property through adverse possession.
Statutory foreclosure is a type of foreclosure that proceeds without court supervision, governed by state law.
An in-depth look at the concept of staying power, its implications in investment and real estate, and related terms such as deep pockets.
Steering is an illegal practice in real estate wherein real estate agents guide prospective home buyers towards or away from certain neighborhoods based on their ethnicity, race, or other discriminatory factors.
A Step-Up Lease, also known as a Graduated Lease, is a rental agreement where the rent payments increase at predetermined intervals.
A detailed exploration of the stop clause in leases, where tenants assume payment of operating expenses exceeding a pre-set amount.
An individual who buys property and then transfers it to another person to hide the identity of the ultimate purchaser.
Strip Development is a form of commercial land use where each establishment has direct access to a major thoroughfare, generally associated with intensive use of signs to attract passersby.
An in-depth exploration of structures as constructed improvements to a site, covering various types and their significance.
A comprehensive guide to understanding the role and significance of subcontractors in various industries, including definitions, examples, and frequently asked questions.
A subdivider partitions a tract of land for the purpose of selling individual plots, typically installing utilities and streets.
An in-depth overview of subdividing land, including definitions, processes, types, historical context, and related terms.
A comprehensive entry on subdivisions, their requirements, types, examples, and historical context in real estate.
A comprehensive analysis of the 'Subject to Mortgage' condition of sale in real estate transactions, where the purchaser acquires a property with a pre-existing mortgage without becoming personally liable.
Subletting involves a tenant leasing a property to another party while still holding the original lease with the landlord.
Subordination involves the establishment of priority between claims, debts, liens, and other interests, which can significantly impact financial and legal transactions.
Detailed exploration of subprime loans, their characteristics, underlying issues, historical context, and impact on the financial crisis.
Understanding subsurface rights, often referred to as mineral rights, which pertain to the ownership and usage rights beneath a plot of land, including minerals, oil, and gas.
A comprehensive look at the role of a subtenant, the legal implications, and practical considerations involved in subleasing rental properties.
Summary possession, commonly known as eviction, is a legal process in which a landlord removes a tenant from rental property for reasons specified by law.
The term 'surrender' in the context of real estate and leasing refers to the mutual cancellation of a lease agreement between the lessor (landlord) and lessee (tenant). This article explores the concept, types, key considerations, examples, historical context, applicability, comparisons with related terms, FAQs, and references.
Detailed insight into the concept of surveys, covering land measurement techniques, population questionnaires, and the creation of survey plans.
A comprehensive examination of the role of a surveyor, including their tasks, tools, techniques, and significance in various fields such as real estate, construction, and environmental studies.
Survivorship refers to the right of a joint tenant or tenants to obtain ownership rights following the death of another joint tenant, thereby preventing the heirs of the deceased from making ownership claims against the property.
Detailed exploration of sweat equity, its value, types, examples, and applicability in real estate and business.
Syndication is a method of selling property whereby a sponsor, or syndicator, sells interests to investors. This can take various forms, including partnerships and corporations.
A comprehensive overview of synthetic leases, a rental agreement that shifts all obligations, risks, and costs of the property to the tenant while the owner receives a fixed rent. Also known as a credit-tenant lease.
A detailed overview of take-out loans, including their definition, types, conditions, applicability, and importance in project financing.
A detailed exploration of takeout loans in real estate and securities, covering their definitions, types, uses, examples, and related terminologies.
