- Branche: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
Loss of useful life and desirability of a property through economic forces, such as change in zoning, changes in traffic flow, etc., rather than deterioration.
Industry:Real estate
A clause in a lease providing for an increased rent at a future time due to increased costs to lessor, as in cost of living index, tax increases, etc.
Industry:Real estate
The government's right to unclaimed property which is abandoned or which is left by a decedent who leaves no will and no heirs to inherit the property.
Industry:Real estate
This discloses when the escrow should be closing and when possession should take place, peroration of property taxes, transfer taxes, release of funds and the basics of satisfying the escrow demands.
Industry:Real estate
A written agreement giving the broker the right to market an owner's property for a certain period of time, but also allowing the owner to sell the property during that period without paying a commission.
Industry:Real estate
A written agreemen colour t between the agent and the owner whereby the owner promises to pay a fee or commission to the broker if his property is sold during the listing period, regardless of whether the broker is responsible for the sale.
Industry:Real estate
A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortisation built into it.
Industry:Real estate
A detailed inspection of the physical structure, the plumbing, electrical and heating systems and the overall condition of the home. Typically the cost is $150-$300 and the results are detailed in a multiple page report.
Industry:Real estate
An association of homeowners within a community formed to improve and maintain the quality of the community. An association formed by the developer of condominiums or planned developments.
Industry:Real estate
Insurance that protects the homeowners from Casualty losses or damage to the home or personal property and from liability damages to other people or property. Homeowners insurance is required by the lender and may be included in the monthly mortgage payment.
Industry:Real estate
