An early opportunity to purchase before the property is offered to others. Unlike ROFR, ROFO requires the property owner to offer the right holder the opportunity to purchase before negotiating with third parties.
Right of First Refusal (ROFR) grants the holder the option to purchase an asset before the owner can sell it to a third party.
An in-depth exploration of risk levels in various contexts, including finance, real estate, and investments, covering guaranteed sales/leases and commitments pre-construction.
An in-depth explanation of the different roles in Trust Deeds and Mortgages, highlighting the distinctions between the two financing instruments.
A rowhouse, also known as a townhouse, is characterized by a row of similar, often identical, urban homes. This article provides comprehensive coverage of its historical context, types, key events, detailed explanations, diagrams, and more.
Royalty Interest refers to the right to receive a portion of the production or income generated from a property, often found in contexts such as oil, gas, and mineral rights.
Explore the differences between Royalty Interest and Working Interest in the oil and gas industry, including definitions, financial implications, examples, and historical context.
The Rule Against Perpetuities (RAP) is a legal doctrine designed to prevent the indefinite restriction of property transfer. It ensures that interests in property must vest, if at all, no later than 21 years after some life in being at the creation of the interest.
An in-depth overview of rural property, its uses, types, examples, and implications in various sectors.
Detailed insight into RV Parks, including historical context, types, key events, importance, examples, and more.
The S&P/Case-Shiller Home Price Index is a leading indicator in the realm of real estate that measures the change in value of residential properties across the United States.
A transaction in which the owner of an asset sells it and immediately purchases back from the buyer the right to use the asset under a lease. The lease may be a finance lease or an operating lease.
A comprehensive account of the Sale Deed, its definition, types, considerations, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
A comprehensive guide to Sale Leaseback arrangements, their benefits, considerations, and applicability across various property types.
A comprehensive guide to the satisfaction of mortgage, emphasizing the lender's acknowledgment of repayment, historical context, key events, and much more.
A comprehensive overview of Stamp Duty Land Tax (SDLT), including historical context, key events, formulas, importance, applicability, and more.
A comprehensive overview of second mortgages, their implications, and applications in real estate finance.
An in-depth look at secondary residences, including their historical context, types, legal considerations, and financial implications.
A detailed explanation of a Section, a one-mile square subdivision commonly used in land surveying within a township.
Comprehensive entry on Section 1250 Property including definition, historical context, types, examples, applicability, and related terms.
An overview of Section 8, a federal assistance program that helps low-income families afford housing.
Security of Tenure refers to the right of tenants to remain in rented properties as long as they comply with the terms of their lease, safeguarding them from eviction without just cause.
The value added tax charge on a commercial building used for exempt purposes and the relevant tax regulations and implications.
A detailed look at the role of a seller’s agent in real estate transactions, including their responsibilities, advantages, and differences from other types of agents.
A Selling Broker facilitates the sale of a property by finding a buyer, playing a crucial role in real estate transactions.
A Semi-Custom Home allows buyers to choose from pre-designed plans and make limited modifications, balancing customization and cost.
A comprehensive guide to understanding semi-detached houses, including their definition, historical context, key features, advantages and disadvantages, market considerations, and related terms.
Rental apartments designated for seniors, usually without the extensive amenities found in Assisted Living and Continuing Care communities.
Service charges are additional fees imposed for specific services rendered by an organization. These charges are commonly found in rental agreements and various service-based transactions.
A comprehensive explanation of the Servient Estate, including definitions, examples, historical context, applicability, comparisons, and related terms.
An in-depth exploration of servitude, covering easements, restrictive covenants, and property rights.
Settled property refers to property included in an interest-in-possession trust, benefiting the life tenant. It impacts inheritance tax calculations. Learn about its types, history, significance, and more.
An in-depth look at settlement costs in real estate transactions, including definitions, types, calculations, examples, historical context, and related terms.
A comprehensive definition and understanding of a Settlor/Trustor, the individual who creates the trust and transfers the res (property) to the trustee.
Shared Ownership refers to a real estate ownership structure where multiple parties hold defined shares in a property.
Shell space refers to a partially completed building with essential structural elements in place but lacking interior finishes, offering flexibility for future tenant improvements.
Explore the historical context, types, key events, mathematical models, and significant aspects of shopping malls. Learn about their importance, examples, related terms, interesting facts, and much more.
Comprehensive guide to Short-Term Rentals, focusing on their definition, types, benefits, regulatory considerations, and impact on the real estate market.
A Show Home, also known as a Model Home, is a fully furnished and decorated house built by real estate developers to showcase the design, layout, and features of the homes for sale in a new development.
A comprehensive understanding of Simultaneous Exchange involving the concurrent transfer of properties, including its logistics, challenges, and practical applications.
An in-depth exploration of Single Property Ownership Trusts (SPOTs), their types, historical context, key events, and importance in real estate and investment.
A detailed exploration of Single Property Ownership Trusts (SPOT), their significance in real estate and finance, historical context, types, applications, benefits, and related terms.
A detailed exploration of single-family homes, their historical context, importance, types, and key considerations.
Learn about Single-Net Lease where tenants pay property taxes but not insurance or maintenance.
A detailed analysis conducted to understand the contamination level of a site before initiating cleanup measures.
An in-depth look into Site Value Tax, its historical context, types, key events, and significance in economics and real estate.
A comprehensive overview of site-built housing, a traditional construction method where all building activities are conducted directly on the site.
A Sky Villa is a high-floor unit similar to a penthouse but often more lavish, providing nearly the size and luxuries of a house.
A comprehensive look at Smart Meters, devices that provide detailed and precise consumption data, enabling real-time monitoring and efficient energy management.
Sole Ownership refers to property ownership where one individual has full control and responsibility over the property.
A comprehensive guide to understanding spec homes, homes built by developers without a specific buyer in mind, with the intention of selling upon completion.
A Special Assessment Bond is a type of municipal bond repaid through charges levied against specific properties benefiting from the funded project. It allows municipalities to finance infrastructure and other local improvements by issuing bonds that are not backed by general taxes, but rather by assessments against properties that directly benefit from the project.
Special Assessment Districts are geographic areas where property owners are levied direct charges to fund public improvements that directly benefit their properties. This entry explores their definition, types, benefits, potential drawbacks, and historical context.
Special Flood Hazard Area (SFHA) refers to geographical areas identified by the Federal Emergency Management Agency (FEMA) as having a significant risk of flooding, often requiring mandatory flood insurance for properties within these zones.
A comprehensive look at the Split-Level Home, its historical context, types, key features, importance, examples, and more.
Square feet (sq ft or ft²) is a common unit of area used in the United States and other countries for measuring the size of residential, commercial, and industrial properties.
A comprehensive guide on the square foot, a common unit of area used in various fields such as real estate, construction, and architecture.
Understanding squatters, their legal status, impacts, and historical context.
A detailed exploration of Stamp Duty Land Tax (SDLT), its history, calculation methods, key events, and its importance in real estate transactions in the UK.
Starting Price refers to the initial bid price, often set lower than the upset price, in auctions or during trading processes.
A comprehensive guide to state property, covering its historical context, types, importance, applicability, and more.
An in-depth exploration of the concept of stigma in real estate, particularly focusing on the lasting social and economic impacts that polluted properties face, even after remediation.
A comprehensive overview of straight leases, which maintain consistent rent throughout the lease term.
A comprehensive exploration of strip malls, their structure, significance, and applications in modern real estate and economics.
Structure Coverage refers to the part of an insurance policy that protects the physical structure of a property against damages. This concept is crucial in homeowners insurance, contrasting with renters insurance which typically does not include structure coverage.
A smaller, self-contained unit with a combined living and sleeping area, ideal for minimalistic living.
A comprehensive guide to understanding sub-leases, including historical context, types, key events, applications, considerations, related terms, and more.
A comprehensive overview of sub-prime mortgages, including historical context, key events, types, importance, applicability, considerations, related terms, and FAQs.
A comprehensive guide to understanding subdivision plans, their components, types, applications, and significance in real estate development.
Subinfeudation is the practice of subdividing land grants among additional vassals, historically significant in the feudal system.
An in-depth explanation of the concepts of 'Subject to Mortgage' and 'Assumption of Mortgage,' including their implications, differences, examples, and related terms.
A comprehensive overview of sublease, including its definition, types, key events, importance, and more.
A comprehensive guide on sublease agreements, including historical context, key events, explanations, examples, and FAQs.
The practice of leasing rented property to a third party, commonly referred to as subleasing or subletting, involves a tenant renting out a portion or the entirety of their leased property to another individual or entity. This arrangement can offer flexibility to the original tenant but also requires adherence to specific legal and contractual obligations.
The new tenant who occupies the subleased property, known as the sublessee, plays a crucial role in real estate and leasing transactions.
A detailed look into the role of a sublessor, the original tenant who subleases the property to another party, exploring their responsibilities, historical context, and key considerations.
Detailed explanation of subletting: when a tenant rents out a property or a portion of it to another tenant while remaining responsible to the landlord.
A comprehensive explanation of a Subordinate Mortgage, its types, implications, historical context, and special considerations.
A detailed overview of subordination clauses in mortgage agreements, including their definition, types, applicability, and significance in financial and real estate transactions.
A detailed overview of subtenancy, including its definition, types, legal aspects, applicability, and examples.
Residential zones situated near, but distinct from, urban centers, often characterized by low to medium density housing.
Suburban development refers to the expansion and building of residential communities on the outskirts of urban areas, characterized by lower density and larger home lots compared to urban centers.
A contractual agreement outlining compensation for any damage to the surface land during the extraction process.
A comprehensive analysis of surface leases and mineral leases, their definitions, distinctions, applications, and legal considerations in real estate, mining, and energy sectors.
Detailed insight into the legal concept of surface rights, its applications, and importance in real estate and land management.
Survey Markers are physical objects placed on the ground to demarcate property lines. They play a critical role in land surveying and property ownership, ensuring accurate delineations for legal and practical purposes.
A comprehensive guide to understanding syndicated investments where multiple investors pool resources to fund a single deal.
Understanding the differences between a tax roll and an assessment roll, their roles, and implications in property taxation.
A detailed explanation of the distinctions between a tax roll and a tax bill, including definitions, examples, and their relevance in property taxation.
A comprehensive explanation of Tax-Deferred Exchange, detailing the concept, types, historical background, applicability, and related terms.
A comprehensive analysis of the Total Debt Service (TDS) Ratio, encompassing its definition, importance, calculation, and implications in finance and real estate.
Comprehensive overview of Tech Parks, hubs for technology firms that drive innovation, economic growth, and collaboration.
A comprehensive look into temporary residence, exploring its types, historical context, importance, applications, and more.
A detailed definition of a Tenant Farmer, including historical context, types, considerations, and applicability in modern contexts.
An in-depth look at Tenant Improvement (TI), including its history, types, key events, detailed explanations, formulas, and real-world examples.
A detailed overview of Tenant Improvement (TI) Allowance, its historical context, types, key events, and importance in commercial real estate.
Comprehensive overview of Tenant Improvement Allowance (TIA), including historical context, types, key events, and practical examples.
Detailed Explanation of Tenant Improvements (TI), also known as Leasehold Improvements, including Types, Examples, Historical Context, and Applicability.
Tenant Insurance provides coverage for renters, typically encompassing personal property, liability, and sometimes improvements and betterments of the rental unit.
Exploring the concept of tenant mix in retail spaces, its historical context, importance, key strategies, examples, and impact on retail success.
