Contributor | Propertylogy - Part 11

All posts by Contributor

  • Takeout Financing

    Takeout financing refers to an agreement whereby a lender would provide permanent financing for a project upon the expiry of the construction loan, upon specific...

    • Posted August 28, 2019
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  • Deed Restriction

    A deed restriction is a contact provision contained in a deed that limits or puts restrictions on the full use of the...

    • Posted August 27, 2019
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  • Appropriation

    Appropriation in real estate refers to the selecting and setting aside of land for public use.

    The parcel of land involved can be either state-owned or...

    • Posted August 25, 2019
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  • Attorney-In-Fact

    An attorney-in-fact refers to a party who has been granted authority to act for another under an executed power of attorney legal arrangement.

    While this person...

    • Posted August 24, 2019
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  • Community Property

    Community property describes a type of property ownership where the husband and wife have equal shares of the property accumulated by either of them during...

    • Posted August 23, 2019
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  • Agency Disclosure

    The agency disclosure is a set of documentation containing information about the role an real estate agent plays in regards to the property transaction.

    The primary...

    • Posted August 22, 2019
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  • Revenue Stamps

    Revenue stamps refer to stamps that are affixed to property deeds as well as other real estate related documentation to serve as an indication (or...

    • Posted August 21, 2019
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  • Zone Condemnation

    Zone condemnation refers to large scale plans whereby entire areas are marked for demolition to make way for new construction.

    Projects like these usually take years...

    • Posted August 20, 2019
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  • Cancellation Clause

    When a cancellation clause is present in a lease contract, it allows the lessor and/or lessee to terminate the terms of the agreement should certain...

    • Posted August 18, 2019
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  • Adhesion Contract

    An adhesion contract is a legal agreement between at least two parties which is one-sided favoring one party, usually the party that drafted it.

    Terms of...

    • Posted August 17, 2019
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