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Master lease
Master lease A primary lease that controls subsequent leases and may cover more property than subsequent leases
RELATED TERMS--------------------------------------
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).
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--------------------------------------
Master deed
The principal conveyance document used by the owners of land on which condominiums are located.
Master plan
A comprehensive plan to guide the long-term physical development of a particular area.
Master servicer
An institution that acts on behalf of a trustee for the benefit of security holders in collecting funds from a borrower, advancing funds in the event of delinquencies and, in the event of default, taking a property through foreclosure
Master-planned community
A large development that features neighborhoods, parks and other recreation areas, schools and shopping centers.
PREVIOUS AND NEXT TERMS--------------------------------------
Marketable title
A title that is free and clear of objectionable liens, clouds, or other title defects.
Market-data approach
Estimating a property's value based on a comparison of the property with similar properties in the same locale that have sold recently. Also known as the direct sales comparison approach.
Marketing
The management process through which efforts to conceive, develop and deliver goods and services are integrated to satisfy the needs and wants of selected customers as a means of achieving company objectives.
Masonry
Any construction material involving bricks-blocks and mortar or related materials.
Master deed
The principal conveyance document used by the owners of land on which condominiums are located.
Master lease
Master plan
A comprehensive plan to guide the long-term physical development of a particular area.
Master servicer
An institution that acts on behalf of a trustee for the benefit of security holders in collecting funds from a borrower, advancing funds in the event of delinquencies and, in the event of default, taking a property through foreclosure
Master-planned community
A large development that features neighborhoods, parks and other recreation areas, schools and shopping centers.
Material fact
Any fact that is relevant to a person making a decision. Agents must also disclose to buyers material facts about the condition of the property.
Maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
This dictionary contains 6433 terms. |
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