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External obsolescence
External obsolescence A type of incurable depreciation caused by negative factors not on the subject property, such as environmental, social or ecomomic forces.
RELATED TERMS--------------------------------------
Depreciation
Decrease in value to real property improvements due to wear and tear, adverse changes in the neighborhood, or any other reason.
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.
Environmental
Environmentalrefers to aspects that concern the ecological impact of altering the environment.
SIMILAR TERMS--------------------------------------
Extended coverage policy
A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records.
Extended redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
PREVIOUS AND NEXT TERMS--------------------------------------
Extended redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
External obsolescence
Easement in gross
The limited right of a person to use another's land -servient estate-. The right is not created for the benefit of any land owned by the owner of the easement, which means there is no dominant estate, as the easement attaches personally to the owner, not to the piece of land.
Et ux
Et uxrefers to Et Uxor, the latin tern for And Wife.
Environmental
Environmentalrefers to aspects that concern the ecological impact of altering the environment.
This dictionary contains 6433 terms. |
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