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Implied warranty
Implied warranty A theory in landlord-tenant law in which the landlord renting residential property implies quiet enjoyment of the property or that the property is habitable.
RELATED TERMS--------------------------------------
Landlord
One who rents property to a tenant.
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.
SIMILAR TERMS--------------------------------------
Implied agency
An agency agreement created by the actions of the parties, and not a stated (written or verbal) agreement.
Implied agreement-contract
A contract under which the agreement of the parties is demonstrated by their acts and conduct.
Implied authority
The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of the agency.
Implied cap rate
Net operating income divided by the sum of a REIT's equity market capitalization and its total outstanding debt
Implied easement
When the owner of two or more adjacent properties sells a part thereof, he or she grants by implication all those apparent and visible easements which are necessary for the reasonable use of the property granted.
PREVIOUS AND NEXT TERMS--------------------------------------
Implied agency
An agency agreement created by the actions of the parties, and not a stated (written or verbal) agreement.
Implied agreement-contract
A contract under which the agreement of the parties is demonstrated by their acts and conduct.
Implied authority
The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of the agency.
Implied cap rate
Net operating income divided by the sum of a REIT's equity market capitalization and its total outstanding debt
Implied easement
When the owner of two or more adjacent properties sells a part thereof, he or she grants by implication all those apparent and visible easements which are necessary for the reasonable use of the property granted.
Implied warranty
Impound account
Account held by a lender for payment of taxes, insurance or other related expenses.
Impounds
Money that is placed in an escrow account to pay for property taxes and insurance.
Improvement
Valuable additions to property which raise the value of the property.
In room handouts
For some franchise motels, the in room handouts can be significant. The franchise inspector will count the number of handouts to be sure they are there.
In testate
Someone who has died without leaving a valid will.
This dictionary contains 6433 terms. |
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