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All posts by Contributor
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Blighted Area
A blighted area is a term used to describe a section of a city that is full of dilapidated buildings, causing a negative effect of...
- Posted October 10, 2018
CommingleCommingle refers to the combination, or mix, of client’s funds with a real estate agent’s funds in a single account.
This means that money belonging to...
- Posted October 10, 2018
Force MajeureForce majeure refers to events that happened during a particular period of time which cannot be foreseen, causing plans to be reconsidered and reviewed.
One of...
- Posted October 9, 2018
AnnexationAnnexation is the process of making property part of another property.
The term annexation can be used in 2 types of context.
Firstly, when the personal property...
- Posted October 8, 2018
Wasting AssetA wasting asset is an asset which losing it’s value over time due to depletion, obsolescence, deterioration, etc.
It does not necessarily refer...
- Posted October 7, 2018
Straw ManA straw man is an individual or entity that operates like a middleman who purchases a property for the sole purpose of conveying it to...
- Posted October 6, 2018
Strict LiabilityStrict liability refers to the implied liability of a landowner for damages or injuries caused to third parties due to activities conducted on the site,...
- Posted October 6, 2018
General Warranty DeedA general warranty deed is a deed in which grantor promises a good title to the grantee and would guarantee protection against other claimants to...
- Posted October 5, 2018
DefeasanceDefeasance refers to the process whereby the legal title of a property is transferred back to the borrower after full repayment of...
- Posted October 4, 2018
DragnetA dragnet clause in a mortgage contract enables a lender to link a borrower’s home loan with other types of loan facilities on the borrower’s...
- Posted October 4, 2018










