|
| | |
Condemnation
Condemnation The process of taking private property, without the consent of the owner, by a governmental agency for public use through the power of eminent domain
RELATED TERMS--------------------------------------
Taking
A common synonym for condemnation, or any interference with private property rights, but it is not essential that there be physical seizure or appropriation.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Consent
The consent is an agreement. Voluntary acceptance of the wish of another. Example: consent of a co-owner to rent a property to someone.
Agency
1) The relationship that exists when a person, known as the principal, contracts to another, the agent, to perform an act in that person's stead. 2) Common term for a firm offering representation.
SIMILAR TERMS--------------------------------------
Condition precedent
A condition that requires a certain action or a specified event to take place before an estate granted can take effect.
Condition subsequent
A fee simple estate, may be qualified by a condition subsequent.
Conditional commitment
A lenders promise to issue a loan subject to certain conditions. Generally, the lender will not fund the loan until the conditions have been met.
Conditional insurance
The borrower must sign up to one or more insurance policy with the lender in order to take out a specific mortgage.
Conditional offer
An offer to buy a property, but only under certain circumstances (for example, the buyer receives financing or sells her old home first).
Conditional public report
An interim report that allows a subdivider to enter into a binding contract with a buyer prior to the issuance of the final public report.
Conditional sales contract
A contract for the sale of property where the buyer has possession and use, but the seller retains title until the conditions of the contract have been fulfilled.
Conditional-use permit
Written governmental permission allowing a use inconsistent with zoning but necessary for the common good, such as locating an emergency medical facility in a predominantly residential area.
Condominium
Individual ownership of a dwelling unit and an individual interest in the common areas and facilities that serve the multi-unit project.
Condominium (Condo)
Individual ownership of a portion of a building, with common areas shared by all owners.
Condominium conversion
Changing the ownership of an existing building (usually a rental project) to the condominium form of ownership.
Condominium hotel
A condominium project that has rental or registration desks, short-term occupancy, food and telephone services, and daily cleaning services and that is operated as a commercial hotel even though the units are individually owned.
Condominium ownership
An estate in real property consisting of an individual interest in an apartment or commercial unit and an undivided common interest in the common areas in the condo project such as the land, parking areas, elevators, stairways, exterior structure and so on.
Conduit
An alliance between mortgage originators and an unaffiliated organization that acts as a funding source by regularly purchasing loans, usually with a goal of pooling and securitizing them
PREVIOUS AND NEXT TERMS--------------------------------------
Computerized loan origination (CLO) system
An electronic network for handling loan applications through remote computer terminals linked to various lenders' computers.
Concessions
Cash or cash equivalents expended by the landlord in the form of rental abatement, additional tenant finish allowance, moving expenses or other monies expended to influence or persuade a tenant to sign a lease
Concrete tilt-up
The process of pouring concrete into forms on the ground, allowing the forms to harden and then raising the material to a vertical position to form walls.
Concurrent ownership
Ownership by two or more persons at the same time, such as joint tenants, tenants by the entirety, tenants in common or community property owners.
Concurrent performance
Occurring simultaneously; real estate exchanges often must be recorded concurrently.
Condemnation
Condition precedent
A condition that requires a certain action or a specified event to take place before an estate granted can take effect.
Condition subsequent
A fee simple estate, may be qualified by a condition subsequent.
Conditional commitment
A lenders promise to issue a loan subject to certain conditions. Generally, the lender will not fund the loan until the conditions have been met.
Conditional insurance
The borrower must sign up to one or more insurance policy with the lender in order to take out a specific mortgage.
Conditional offer
An offer to buy a property, but only under certain circumstances (for example, the buyer receives financing or sells her old home first).
This dictionary contains 6433 terms. |
|
|
