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10 Cards in this Set
- Front
- Back
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Partition |
A California partition action happens when one co-owner of real property wants to sell but other co-owners do not want to sell their ownership rights. Partition means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of “Partition”. |
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partnership |
A real estate partnership is formed by two or more investors who combine their capital and expertise to purchase, develop, or lease property. Also known as a real estate limited partnership (RELP), the partnership agreement can require each investor to be actively involved in the partnership as equal members. |
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pending property |
A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn't closed yet. (This is different from a contingent sale.) A property is placed in pending status the minute a contract is executed. |
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Percentage lease |
A percentage lease is a type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises. It is a term used in commercial real estate. |
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power of attorney |
The California real estate power of attorney form is a legal document that gives a person the legal authority to make decisions on property and real estate on behalf of another. |
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Prepayment penalty |
A prepayment penalty is a fee that some lenders charge if you pay off all or part of your mortgage early. If you have a prepayment penalty, you would have agreed to this when you closed on your home. Not all mortgages have a prepayment penalty. |
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price fixing 订盘 限价 价格设定 |
Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms竞争优势 on its own, without agreeing with a competitor. |
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Property management 物业管理 |
Property management is a specialty in which real estate brokers manage homes 住宅 and duplexes 复式住宅 as well as large projects such as office and industrial complexes工业园区, shopping centers, apartment houses, and condominiums. |
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Property tax |
Property tax is a real estate ad-valorem tax, calculated by local government, which is paid by the owner of the property. The tax is usually based on the value of the owned property.
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Pertinent |
Is anything that goes to the land it doesn’t have to once have been personal property. Is a much more general term for anything that runs the land could be rights with the land could be different things that are contractual. Could be physical things. |
