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Life estate
Life estate An estate in real property for the life of a person
RELATED TERMS--------------------------------------
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
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.
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
SIMILAR TERMS--------------------------------------
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.
Life cycle costing
In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life insurance
Pays out a lump sum on the death of the policyholder. Lenders usually insist that their mortgage customers have life insurance.
Life tenant
A person in possession of a life estate.
Lifecycle
The various developmental stages of a property: pre-development, development, leasing, operating and redevelopment (or rehab)
Lifecycle cost analysis
A method of calculating a building’s expected operating and maintenance costs over its lifespan.
Lifetime rate cap
In an adjustable rate mortgage (ARM), it limits the amount that the interest rate can increase or decrease over the life of the loan.
PREVIOUS AND NEXT TERMS--------------------------------------
Lien theory
Some states interpret a mortgage as being purely a lien on real property. The mortgagee thus has no right of possession but must foreclose the lien and sell the property if the mortgagor defaults.
Lien waiver
Documents signed by subcontractors and suppliers, indicating they have received payment in full.
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.
Life cycle costing
In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life estate
Life insurance
Pays out a lump sum on the death of the policyholder. Lenders usually insist that their mortgage customers have life insurance.
Life tenant
A person in possession of a life estate.
Lifecycle
The various developmental stages of a property: pre-development, development, leasing, operating and redevelopment (or rehab)
Lifecycle cost analysis
A method of calculating a building’s expected operating and maintenance costs over its lifespan.
Lifetime rate cap
In an adjustable rate mortgage (ARM), it limits the amount that the interest rate can increase or decrease over the life of the loan.
This dictionary contains 6433 terms. |
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