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Universal agent
Universal agent A person empowered to do anything the principal could do personally.
RELATED TERMS--------------------------------------
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Unity of interest
All joint tenants holding equal ownership interests.
Unity of ownership
The four unities that are traditionally needed to create a joint tenancy-unity of title, time, interest and possession.
Unity of possession
One of the four "unities" required to create a joint tenancy. All joint tenants hold an undivided right to possession.
Unity of time
All joint tenants acquiring their interests at the same time.
Unity of title
All joint tenants acquiring their interests by the same document.
Universal agent
Unlawful detainer action
A legal action that provides a method of evicting a tenant who is in default under the terms of the lease; a summary proceeding to recover possession of property.
Unrated classes
Typically the most subordinated classes of CMBS.
Unrecorded deed
An unrecorded deed transfers ownership from one party to another without being officially recorded.
Unruh civil rights act
Forbids discrimination as to sex, race, color, religion, ancestry or national origin in accommodations and business establishments. Under this law there can be no arbitrary eviction, rent increase or withholding of services by virtually any landlord.
Unsecured
Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay.
This dictionary contains 6433 terms. |
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