LIEN - A charge or claim which one person (lienor) has upon the property of another (lienee) as security for a debt or obligation. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, The buyer under an agreement of sale. googletag.pubads().setTargeting("sfr", "cdo_dict_english"); 'cap': true J { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, The most common type of real estate conversion is when a real estate agent is entrusted with funds to be deposited in a trust for use in repairing or improving a property. userIds: [{ Located just over a mile from downtown, Manning Hill offers its residents convenient access to all that Manchester, and the surrounding area, has to offer. WASTE - An improper use or abuse of property by one in possession of land, who holds less than the fee ownership, such as a tenant, life tenant, mortgagor, or vendee. },{ { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, type: "html5", The use of the name REALTOR and the distinctive seal in advertising is strictly governed by the rules and regulations of the National Association. Manning Homes; Manning Land 22 results. The risk of loss passes to the vendee when either title or possession passes, and he should protect himself by securing proper insurance. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, ACCEPTANCE - The expression of the intention of the person receiving an offer (offeree, usually the seller) to be bound by the terms of the offer. { bidder: 'sovrn', params: { tagid: '346698' }}, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, An act is done in good faith if it is in fact done honestly, whether it be done negligently or not. "noPingback": true, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, LITTORAL LAND - Land bordering on the shore of a sea or ocean and thus affected by the tide currents. YIELD - The return on an investment or the amount of profit, stated as a percentage of the amount invested. { bidder: 'sovrn', params: { tagid: '346693' }}, PRESENT VALUE OF ONE DOLLAR - A doctrine which is based on the fact that money has a time value. EXCLUSIVE LISTING - A written listing of real property in which the seller agrees to appoint only one broker to sell the property for a specified period of time. REIWA is the home of real estate in Manning, 6152 ESCROW - The process by which money and/or documents are held by a disinterested third person (a "stakeholder") until the satisfaction of the terms and conditions of the escrow instructions (as prepared by the parties to the escrow). {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, SUBJECT TO MORTGAGE - A grantee taking title to real property "subject to mortgage" is not personally liable to the mortgagee for payment of the mortgage note. iasLog("criterion : sfr = cdo_dict_english"); VENDEE - The purchaser of realty; the buyer. M Q HOLDOVER TENANT - One who stays on the leased premises after his lease has expired. ADHESION CONTRACT - A contract which is very one-sided and favors the party who drafted the document. 'buckets': [{ var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); We serve both buyers and sellers of Residential, Farm & Ranch, Vacation, and Commercial Properties. PROPRIETARY LEASE - A written lease in a cooperative apartment building, between the owner-corporation and the tenant-stockholder, in which the tenant is given the right to occupy a particular unit. COMMITMENT - A pledge or promise to do a certain act, such as the promise of a lending institution to loan a certain amount of money at a fixed rate of interest to a qualified buyer, provided the loan is obtained on or before a certain date. googletag.cmd.push(function() { "sign-out": "https://dictionary.cambridge.org/us/auth/signout?rid=READER_ID" GENERAL CONTRACTOR - A construction specialist who enters into a formal construction contract with a land owner or master lessee to construct a real estate building or project. ENVIRONMENTAL IMPACT STATEMENT - A report which includes a detailed description of a proposed development project with emphasis on the existing environment setting, viewed from both a local and regional perspective, and a discussion of the probable impact of the project on the environment during all phases. OPERATING EXPENSES - Those periodic and necessary expenses which are essential to the continuous operation and maintenance of a property. CLIENT TRUST ACCOUNT - An account set up by a broker to keep client's monies segregated from the broker's general funds. storage: { stoves, bookcases, plumbing, etc.). { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); COLLATERAL - Something of value given or pledged as security for a debt or obligation. The word in the example sentence does not match the entry word. LEVEL PAYMENT MORTGAGE - A mortgage which is scheduled to be repaid in equal periodic payments which include both principal and interest. LOCUS SIGILLI - Latin for "under seal", used in the abbreviated form, "L.S.," at the end of signature line in some formal legal documents; used instead of the actual seal. { bidder: 'sovrn', params: { tagid: '446382' }}, iasLog("criterion : cdo_tc = resp"); USEFUL LIFE - That period of time over which an asset, such as a building, is expected to remain economically feasible to the owner. ASSUMPTION OF MORTGAGE - The act of acquiring title to property which has an existing mortgage on it and agreeing to be personally liable for the terms and conditions of the mortgage, including payments. ENTIRETY, TENANCY BY - A form of joint ownership of property between husband and wife with the right of survivorship. Houses for Sale Near Me Houses for Sale Near Me by Owner Open Houses Near Me Land for Sale Near Me Townhomes for Sale Near Me Condos for Sale Near Me 29102 Real Estate. JOINT AND SEVERAL LIABILITY - A situation in which more than one party is liable to repay a debt or obligation and a creditor can obtain compensation from one or more parties, either individually or jointly, whichever he chooses. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, SEVERALTY - Sole ownership of real property. BILATERAL CONTRACT - A contract in which each party promises to perform an act in exchange for the other party's promise to perform. LIS PENDENS - A legal document recorded in the Bureau of Conveyances, which gives constructive notice that an action has been filed in either a state or federal court affecting a particular piece of property. COVENANT - A written agreement or promise of two or more parties by which either pledges to perform or not to perform specified acts on a property, or which specifies certain uses or non-uses of the property. PORTE COCHERE - A roofed structure extending from the entrance of a building over an adjacent driveway to shelter those getting into or out of vehicles. iasLog("exclusion label : wprod"); I If maintenance is deferred, the building will suffer a loss in value. Y { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, MAINTENANCE - The care and work put into a building to keep it in operation and productive use; the general repair and upkeep of a building. N NEGOTIATION - The transaction of business aimed at reaching a meeting of minds among the parties; bargaining. RENT - Fixed periodic payment made by a tenant or occupant of property to the owner for the possession and use thereof, usually by prior agreement of the parties. Estate conversion can mean different things, and options, among others lateral support to certain limitations imposed the. Listing - a written instrument which may be interested in buying, selling, foreclosures, even! 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