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Entity rule
Entity rule Three entities can hold property: individuals, partnerships and corporations. In the case of a property exchange, the way an exchanger holds property going into an exchange is the way they must hold the property coming out of the exchange.
RELATED TERMS--------------------------------------
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.
Exchange
A transaction in which all or part of the consideration for the purchase of real property is the transfer of property of "like kind".
Exchanger
The property owner seeking to defer capital gain tax by utilizing an IRS 1031 tax deferred exchange.
SIMILAR TERMS--------------------------------------
Entitlement
1) To be owed something under the law. 2) The portion of a VA-guaranteed loan that protects a lender from defaults.
PREVIOUS AND NEXT TERMS--------------------------------------
Energy improvement mortgage (EIM)
A loan secured by real property that is made to an owner for the specific purpose of making energy efficient improvements to a home or building.
Energy Star Home
A home that has been certified and labeled by the U.S. Environmental Protection Agency as having a 30% higher energy efficiency rating than the national residential standards for energy efficiency.
English Tudor style
An architectural design that features stone or brick exterior walls and exposed beams.
Enjoin
1) To direct or order (someone) to do something. 2) To prescribe (a course of action) with authority or emphasis. 3) To prohibit or restrain by an injunction.
Entitlement
1) To be owed something under the law. 2) The portion of a VA-guaranteed loan that protects a lender from defaults.
Entity rule
Environmental hazards disclosure
By California law (AB 983) a real estate agent or owner is required to inform prospective buyers of environmental hazards located on a residental property.
Environmental impact report
A report required by the California Environmental Quality Act that projects the impact a project may have on the environment.
Environmental impact statement
Documents required by federal and state laws to accompany proposals for major projects and programs that will likely have an impact on the surrounding environment
Environmental protection agency (EPA)
A federal agency created in 1970 by bringing together various federal pollution control activities that had been scattered among a number of federal departments and agencies. The EPA is involved with environmental problems of air and water pollution, solid-waste management, pesticides, radiation and noise.
Environmental site assessment
An independent investigation and assessment of a property to determine if any existing or potential environmental problems or hazards exist on property.
This dictionary contains 6433 terms. |
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