Contributor | Propertylogy - Part 31

All posts by Contributor

  • Implied Notice

    An implied notice refers to a legal situation whereby a party involved is judged to have notice of certain events or circumstances as he or...

    • Posted January 16, 2019
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  • Triple-net Lease

    A triple-net lease, commonly known as NNN lease, is a type of commercial tenancy contract in which the tenant agrees to be responsible in paying...

    • Posted January 15, 2019
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  • Option Risk

    The option risk refers to the risk that investors of mortgage back securities are exposed to when loans are legitimately redeemed by borrowers, effectively cutting...

    • Posted January 13, 2019
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  • Ejectment

    An ejectment is a legal process meant to help a legal owner of real property repossess the property in question when there is no legal...

    • Posted January 12, 2019
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  • Carport

    A carport is a roofed structure with at least one open-air side and space below used for housing vehicles.

    While they might not be ideal in...

    • Posted January 12, 2019
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  • Comparables (comps)

    Comparables is a term used in appraisals to refer to recently sold or rented out property that is very similar to the property being appraised.

    It...

    • Posted January 11, 2019
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  • Open-end Mortgage

    An open-end mortgage is a home loan that allows borrowers to draw future advances as the property value appreciates.

    Loans with such flexible...

    • Posted January 10, 2019
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  • Demolition Clause

    A demolition clause gives a landlord the legal right to terminate a tenancy should it be decided that the building would be demolished.

    While this seems...

    • Posted January 9, 2019
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  • Punch List

    A punch list is a term used to describe a list containing defects or anything that is not up to standard which the building or...

    • Posted January 8, 2019
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  • Minimum Lot Area

    A minimum lot area is describes the smallest size requirement of a particular lot in order for something to be built on it.

    It is a...

    • Posted January 5, 2019
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