Contributor | Propertylogy - Part 40

All posts by Contributor

  • 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
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  • Commingle

    Commingle 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
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  • Force Majeure

    Force 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
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  • Annexation

    Annexation 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
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  • Wasting Asset

    A 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
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  • Straw Man

    A 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
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  • Strict Liability

    Strict 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
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  • General Warranty Deed

    A 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
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  • Defeasance

    Defeasance 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
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  • Dragnet

    A 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
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