Term
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Definition
| Voluntarily giving up possession of property or a claim or right. |
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Definition
| a legal action to stop a nuisance. also can be a reduction of a property tax assessment. |
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Definition
| the rate at which new or vacant space (such as office space) will become occupied. |
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Definition
| a history of every recorded document dealing with a property. it is examined to determine whether there is marketable title. |
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Definition
| a means of obtaining land value by deducting the value of improvements from the total property value. |
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Definition
| a condensation of a court judgment. when recorded, the judgment becomes a general lien on the property of the debtor within the country where recorded. |
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Term
| acceleterated depreciation |
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Definition
| any method of depreciation for tax purposes that gives greater initial depreciation than the straight-line method. no longer allowed. |
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Term
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Definition
| a provision in a note making all payments due on the happening of a certain event(such as missing a payment or selling the property) |
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Term
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Definition
| an act or agreement that forms a contract. |
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Definition
| obtaining title as a result of attaching or joining property to other property. |
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Term
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Definition
| a third person (cosigner) who signs a negotiable instrument agreeing to be personally liable to the payee |
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