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Expense stop
Expense stop Fixed amount in a lease that serves as a limit on the amount for which the tenant is responsible, in the event expenses exceed a pre-stated amount.
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Fixed
A time period that is fixed for each calendar year, either by date or by calendar weeks; most in numerical sequence 1-52.
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Tenant
Any person in possession of real property with the permission of the owner.
SIMILAR TERMS--------------------------------------
Experian
One of the Big Three credit bureaus, along with Equifax and Trans Union.
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Exemplary damages
Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct.
Exhaust fan
Ventilating devices that remove water vapor, undesired smells or smoke.
Existing liabilities
Expenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan.
Exit strategy
Strategy available to investors when they desire to liquidate all or part of their investment
Expansion option
Right granted by the landlord which provides the option of adding more space to the premises.
Expense stop
Experian
One of the Big Three credit bureaus, along with Equifax and Trans Union.
Expiration date and time
A section of the offer to purchase designed to give the offer a time limit after which the offer is withdrawn.
Express agency
A stated (written or verbal) agency agreement.
Express agreement-contract
An oral or written contract in which the parties state the contract's terms and express their intentions in words.
Express authority
The stated (written or verbal) authority of an agent.
This dictionary contains 6433 terms. |
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