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All posts by Contributor
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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
Deed RestrictionA 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
AppropriationAppropriation 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
Attorney-In-FactAn 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
Community PropertyCommunity 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
Agency DisclosureThe 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
Revenue StampsRevenue 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
Zone CondemnationZone 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
Cancellation ClauseWhen 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
Adhesion ContractAn 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