|
| | |
Uniform Condominium Act (UCA)
Uniform Condominium Act (UCA) Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.
RELATED TERMS--------------------------------------
Condominium
Individual ownership of a dwelling unit and an individual interest in the common areas and facilities that serve the multi-unit project.
Developer
One who attempts to put land to its most profitable use through the construction of improvements.
SIMILAR TERMS--------------------------------------
Uniform Building Code
A national building code published by the International Conference of Building Officials.
Uniform Commercial Code
A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers.
Uniform Partnership Act (UPA)
Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA)
A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform residential loan application
A loan application form required by Freddie Mac and Fannie Mae.
Uniform settlement statement
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
PREVIOUS AND NEXT TERMS--------------------------------------
Unencumbered
Property that is free of liens and other encumbrances.
Unenforceable contract
A contract which is considered unenforceable either because it cannot be proven or will not be enforced by a court.
Unequivocal
Unambiguous; clear; having only one possible meaning or interpretation.
Uniform Building Code
A national building code published by the International Conference of Building Officials.
Uniform Commercial Code
A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers.
Uniform Condominium Act (UCA)
Uniform Partnership Act (UPA)
Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA)
A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform residential loan application
A loan application form required by Freddie Mac and Fannie Mae.
Uniform settlement statement
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
Unilateral contract
A one-sided contract wherein one party makes a promise so as to induce a second party to do something. The second party is not legally bound to perform.
This dictionary contains 6433 terms. |
|
|
