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Warranties and representations
Warranties and representations A section of the offer to purchase designed to exhibit representations or warranties made by the real estate brokers or the seller.
RELATED TERMS--------------------------------------
Section
A portion of township under the rectangular (government) survey system. A township is divided into 36 sections, numbered one through 36. A section is a square with mile-long sides and an area of one square mile, or 640 acres.
Offer
A proposal to purchase property at a specified price and terms.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
Warranty
A promise that certain stated facts are true.
Warranty Deed
Most valuable type of deed in which the grantor makes formal assurance of title.
Warren property
Property in Warren, USA. Apartments, flats, houses, offices and other property in Warren.
Warrington property
Property in Warrington, Great Britain. Apartments, flats, houses, offices and other property in Warrington.
PREVIOUS AND NEXT TERMS--------------------------------------
Waiver of subrogation (in a lease)
Protects each party from being sued for the recovery of damages by third parties with a claim against the other party.
Walk-out basement
A feature that allows a door to open onto ground level.
Walk-Through
A final inspection of a property before it changes ownership.
Wall Street Journal prime rate
The fluctuating prime rate published in the Wall Street Journal, which surveys several banks to arrive at its number.
Warehousing
Warehousing is the assembly of mortgage loans into "pools." Securities that represent shares in these pools are then sold to investors.
Warranties and representations
Warranty
A promise that certain stated facts are true.
Warranty Deed
Most valuable type of deed in which the grantor makes formal assurance of title.
Waste
An improper use or an abuse of a property by a possessor who holds less than fee ownership, such as a tenant, life tenant, mortgagor or vendee.
Water table
The natural level at which water is located in a particular area, be it above or below the surface of the earth.
Water well
An excavation where the intended use is for location, acquisition, development, or artificial recharge of ground water.
This dictionary contains 6433 terms. |
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