Showing posts with label Real Estate Term. Show all posts
Showing posts with label Real Estate Term. Show all posts
Thursday, October 16, 2008
Real Estate Term You Should Know
MARKET PRICE - The price paid regardless of pressures, motives, or intelligence.
Tuesday, September 23, 2008
Real Estate Term You Should Know
ENCUMBRANCE
Any claim, interest, or right in property possessed by another that may diminish the true owner's rights or value in the estate. Examples include mortgages, easements, or restrictions of any kind. A claim, lien, or charge on property.
Any claim, interest, or right in property possessed by another that may diminish the true owner's rights or value in the estate. Examples include mortgages, easements, or restrictions of any kind. A claim, lien, or charge on property.
Thursday, May 15, 2008
Real Estate Term You Should Know
EMINENT DOMAIN
The right of the government and certain others, such as public utilities, to acquire property for public or quasi-public use by condemnation, upon payment of just compensation to the owner. The constitutional or inherent right of a government to take private property for public good upon the payment of just compensation
The right of the government and certain others, such as public utilities, to acquire property for public or quasi-public use by condemnation, upon payment of just compensation to the owner. The constitutional or inherent right of a government to take private property for public good upon the payment of just compensation
Subscribe to:
Comments (Atom)