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Waste
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.
RELATED TERMS--------------------------------------
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.
Ownership
The right to possess and use property to the exclusion of others.
Tenant
Any person in possession of real property with the permission of the owner.
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.
Mortgagor
The borrower in a mortgage agreement.
Vendee
The purchaser of realty; the buyer. The buyer under a land contract.
SIMILAR TERMS--------------------------------------
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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
A section of the offer to purchase designed to exhibit representations or warranties made by the real estate brokers or the seller.
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
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.
Weekend bookings
Usually applies to holiday houses and means arriving after 12 noon of Friday and leaving at 3.30 PM on Sunday.
Weekly activity report
A weekly written report given to an owner by a listing broker reviewing the sales activities conducted by the broker to sell the listed property.
Weekly bookings
This means 7 days of occupancy and starts from 2.00 PM on arrival day and ends at 9.30 on departure day. It equates to 7 nights accommodation
This dictionary contains 6433 terms. |
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