Contributor | Propertylogy - Part 34

All posts by Contributor

  • Procuring Cause

    If a real estate agent is the procuring cause for a transaction to take place, then his efforts were the basis for...

    • Posted December 8, 2018
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  • Rent-Free Period

    A rent-free period refers to a period of time in which tenants can inhabit the premises of the rental property belonging to the landlord without...

    • Posted December 7, 2018
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  • Contingent Liability

    Contingent liability describes liability that is not currently in effect, but potentially active (or triggered) in the future due to the occurrence of certain events.

    An...

    • Posted December 6, 2018
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  • Impact Fees

    Impact fees refer to expenses charged to developers by the local government for new construction projects.

    These fees are charged because mega construction projects hinder the...

    • Posted December 5, 2018
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  • Light Industry Vs Heavy Industry

    The reference to light industry and heavy industry is used to describe local zoning designation regarding what types of businesses and factories can be set...

    • Posted December 4, 2018
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  • State Rule

    The state rule is a method of calculating compensation for land and property owners who have been affected by a government’s eminent domain powers.

    There are...

    • Posted December 3, 2018
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  • Site-Built Home

    A site built home refers to a house that has been (or will be) constructed primarily on the site very which it will be located.

    Because...

    • Posted December 2, 2018
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  • Fee Tail

    Fee tail is an old-fashioned form of real estate ownership in which estates can only be passed to family members in the male line.

    Such forms...

    • Posted December 1, 2018
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  • Right To First Refusal

    The right of first refusal refers to a legal right of someone to match an offer made by a third party and become the buyer...

    • Posted November 30, 2018
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  • Formula – Sinking Fund Payment

    SFP = 1//r]

    Where SFP = Sinking fund...

    • Posted November 30, 2018
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