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17 Cards in this Set
- Front
- Back
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Abstract of title |
A written summary of the chain of title |
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Acceleration clause |
Any clause in a loan requiring the loan to be paid off upon the occurrence of certain event. And alienation clause is an example of an acceleration clause. |
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Accession |
The acquisition of property bites being added to other property |
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Accretion |
The process of gradual or imperceptible addition to land bordering a river or stream |
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Accretion |
The process of gradual or imperceptible addition to land bordering a river or stream |
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Acknowledgment |
The declaration before a notary by a person who executed a document stating that he did in fact signed the document. A deed must be at knowledged to be recorded. Once ichnology it, it's excepted as prima facia evidence in court. |
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acre |
43,500 ft.², or 4840 yd.², or about 209' x 200' if square |
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Actual authority |
Do you authority that the principal actually conference on the agent |
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Actual gain profit |
For income tax purposes, it is determined by subtracting the adjusted cost basis from the exchange value of a property |
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Actual notice |
When a person actually know something, such as when an agent knows someone has taken possession of the property |
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As Valorem |
According to Value property tax is an ad valorem tax |
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Adjusted cost basis |
For income tax purposes, it's the cost basis plus capital improvements, plus existing assessment liens assume by the buyer, minus depreciation, minus gains deferred from prior transactions |
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Adjusted selling price |
For income tax purposes, is the selling price minus expenses of the sale |
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Commercial acre |
And a current mileage to ductions for streets, Ally’s, and sidewalks, etc. |
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North and east are the least desirable |
Certain sides of a business Streator preferred by merchants because pedestrian traffic six Shady side of the street. Police to travel size of the street are |
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Equal ownership interest is needed in order to create |
In order to create a valid joint tenancy,there’s a requirement for: |
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Record a trustee within 10 days |
When real estate brokernegotiate a loan secured by trustee on real property, he must see that the trustee has recorded within |
