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15 Cards in this Set
- Front
- Back
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BUILDING PERMIT
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A GOVERNMENTAL DOCUMENT TO PERMIT CONSTRUCTION
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BULK TRANSFER
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THE TRANSFER OF A COMMERCIAL BUSINESS AS A WHOLE, INCLUDING TRADE FIXTURES, GOODS, AND CHATTELS-REGULATED BY UNIFORM COMMERCIAL CODE
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BUNDLE OF RIGHTS
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-QUIET ENJOYMENT
-POSSESSION -CONTROL OF USE OF LAND -DISPOSITION |
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CANCELATION CLAUSE
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A CONTINGENCY CLAUSE IN THE CONTRACT THAT ALLOWS FOR TERMINATION OF THE CONTRACT UNDER CERTAIN CONDITIONS
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CAPITALIZATION
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AS COMMONLY USED IN THE INCOME APPROACH TO VALUE, A METHOD OF CONVERTING NET INCOME INTO A ESTIMATE OF VALUE
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CAPITALIZATION RATE
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THE RATE OF RETURN A PROPERTY WILL PROVIDE ON AN OWNERS INVESTMENT
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CARRYING CHARGES
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UNAVOIDABLE COSTS OF OWNERSHIP SUCH AS TAXES AND MAINTENANCE
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CAVEAT EMPTOR
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LET THE BUYER BEWARE
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CERTIFICATE OF TITLE
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A STATEMENT OF OPINION BASED ON SEARCH OF PUBLIC RECORDS THAT INDICATES THE STATUS OF THE TITLE OF A PARCEL OF REAL ESTATE
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CHATTEL
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ITEMS OF PERSONAL PROPERTY
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CHATTEL MORTGAGE
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PLEDGE OF PERSONAL PROPERTY TO SECURE A DEBT
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CLOSING
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THE POINT OF A REAL ESTATE TRANSACTION WHEN THE DEED IS DELIVERED TO THE BUYER IN EXCHANGE FOR PURCHASE PRICE
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CLOSING STATEMENT
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AN ACCOUNTING OF FUNDS IN THE REAL ESTATE SALE-BOTH BUYER AND SELLER RECIEVE SEPERATE CLOSING SATATMENTS-PREPARED BY ATTORNEY OR BROKER
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CLOUDS ON THE TITLE
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A CLAIM OR ENCUMBRANCE NOT YET ADJUDICATED THAT, IF PROVEN VALID, WOULD IMPAIR THE OWNERS TITLE-TITLE CANNOT BE PASSEDWHEN ITS UNDER A CLOUD
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CLUSTERING
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A GROUP OF HOMES WITHIN A SUBDIVISION ON SMALL LOTS, WITH REMAINING LAND USED AS COMMON AREAS
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