GRADUATED LEASE: Definition & Guide To Commercial Leases
In general, when we talk about lease payments, we imply a defined amount known as a lease rate.…
FEE SIMPLE DEFEASIBLE: Definition and How It Works In Real Estate
Fee simple defeasible is a sort of freehold estate similar to fee simple absolute in that it provides…
Counterparty Risk: Definition & Guide to Managing the Risks
One of the most important lessons from the financial crisis a decade ago was that the financial world…
PUR AUTRE VIE: Definition and How It Works In Real Estate
When used in property law, the legal term “pur autre vie” means “for the life of another” in…
RENTING A HOUSE VS APARTMENT: Which Is Best?
For most people, there is no right or wrong decision when choosing between renting house vs renting an…
WHAT IS A PATIO HOME And Why You Should Buy One
WHAT IS A PATIO HOME? Patio homes are sometimes called cluster homes, garden homes, garden villas, backyard homes,…
CLOUD ON TITLE: What It Means & How To Remove It
A house title is a document that grants the homeowner legal ownership of the property. When you buy…
HAIL DAMAGE CAR: Cost To Repair A Hail Damage Car
Hail damage car can cause your car to be marked as totaled. Marking the total damage from the…
LITTORAL RIGHTS: Definition & All You Need To Know
Littoral rights are rights granted to the property owner on the border of the share of large or…
PERIODICITY ASSUMPTION: Definition, Example and Benefits
The periodicity assumption implies that a company’s economic activity may be separated into relevant reporting periods. Periodicity in…