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Declaration of restrictions
Declaration of restrictions A set of restrictions filed by a sub divider to cover an entire tract or subdivision.
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Subdivision
A housing development that is created by dividing a tract of land into individual lots for sale or lease.
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Declaration of condominium
The declaration includes: 1) A legal description of the condominium units and the common elements. 2) A copy of the condominium's bylaws, drafted to govern the operation of the owners' association. 3) A survey of the property. 4) An architect's drawings, illustrating both the vertical and horizontal boundaries of each unit. 5) Any restrictive covenants controlling the rights of ownership.
Declaratory relief action
An action to have a court determine the rights of parties before a violation of rights has occurred.
Declining-balance method
An accounting method of depreciation for income-tax purposes designed to provide larger-than-straight-line deductions in the early years of a property's life, and applicable to property placed in service before 1981.
PREVIOUS AND NEXT TERMS--------------------------------------
Debtor
One who owes money; a borrower, a maker of a note; a mortgagor.
Debt to income ratio
A comparison of gross income to housing and non-housing expenses.
Decedent
A deceased person, especially one who has died recently.
Deck
A roofless, floored area that adjoins a house.
Declaration of condominium
The declaration includes: 1) A legal description of the condominium units and the common elements. 2) A copy of the condominium's bylaws, drafted to govern the operation of the owners' association. 3) A survey of the property. 4) An architect's drawings, illustrating both the vertical and horizontal boundaries of each unit. 5) Any restrictive covenants controlling the rights of ownership.
Declaration of restrictions
Declaratory relief action
An action to have a court determine the rights of parties before a violation of rights has occurred.
Declining-balance method
An accounting method of depreciation for income-tax purposes designed to provide larger-than-straight-line deductions in the early years of a property's life, and applicable to property placed in service before 1981.
Decreasing term assurance
A life insurance policy that pays out a lump sum in the event of death. The amount paid out can be calculated so that it fall in line with your outstanding mortgage debt – meaning that over time the borrowers premiums also fall.
Dedicate
To appropriate private property to public ownership for a public use
Dedication
The voluntary giving of private property to some public use by the owner, as the dedication of land for streets, schools, etc., in a development.
This dictionary contains 6433 terms. |
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