Contributor | Propertylogy - Part 43

All posts by Contributor

  • Assignment Of Rents

    An assignment of rents is a contract term, or collateral, required by lenders as part of a mortgage agreement that allows the lender to collect...

    • Posted September 26, 2018
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  • Estovers

    Estovers refer to the right of a tenant to take and use resources from the land that is necessary for the residence’s habitability.

    The most common...

    • Posted September 26, 2018
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  • Required Cash

    The required cash refers to the total amount of cash a borrower needs to have in possession in order to close the loan transaction or...

    • Posted September 26, 2018
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  • Arterial Road

    An arterial road, or arterial street, is basically a high capacity road designed to allow traffic to flow through an area as efficiently as possible.

    Sometimes...

    • Posted September 26, 2018
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  • Restraint On Alienation

    A restraint on alienation is a limitation placed on the right of an owner to transfer property ownership.

    This means that even if a

  • Zero Lot Line

    A zero lot line refers to certain type of cluster housing whereby even though 2 or more dwelling units belong to the same development, they...

    • Posted September 25, 2018
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  • 5 Best BBQ Grill Mats

    I could never say no to an invitation to a barbecue.

    There’s just so much fun that goes into one from start to finish.

    And when you...

    • Posted September 24, 2018
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  • Resident Manager

    A resident manager is a person who directly supervises the management of an apartment complex or any building while living on the premises.

    The benefits that...

    • Posted September 24, 2018
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  • Par Rate

    The par rate is the interest rate on a home loan with zero points charged.

    There are basically no upward or downward adjustments...

    • Posted September 23, 2018
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  • Underage

    When a mortgage is sold at a price lower than the posted price, it is described as an underage.

    Lenders provide loan officers and brokers with...

    • Posted September 23, 2018
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