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Breach of Covenant

Posted on November 30, 2021November 30, 2021 by davidreecher
Breach of Covenant – David Reecher A breach of covenant is the failure to obey a legal arrangement. In each contract that is created, each party makes an implied covenant to the other that they will... Read More

Breach of Contract

Posted on November 30, 2021November 30, 2021 by davidreecher
Breach of Contract – David Reecher Breach of contract is when one party to a lease, written or oral contract fails to fulfill their duties without a valid legal excuse. As a concrete example, take t... Read More

Boundary

Posted on November 30, 2021November 30, 2021 by davidreecher
Boundary – David Reecher A home’s boundary is defined as the border between two adjacent properties. It is the spot where one individual’s yard ends and another begins. Boundaries are not always... Read More

Borough

Posted on November 30, 2021November 30, 2021 by davidreecher
Borough – David Reecher A borough is a section of a city that has authority over local matters within that section or an incorporated municipality. In the United States, the most famous example of b... Read More

Book Value

Posted on November 30, 2021November 30, 2021 by davidreecher
Book Value – David Reecher Book value is the official value of a home or piece of real estate. The amount is based on the original cost of the property plus any improvements that have been made minu... Read More

Bond

Posted on November 28, 2021November 28, 2021 by davidreecher
Bond – David Reecher A bond is a type of surety that protects one party from loss or default by another party. Performance bonds are one type and are an agreement that binds two people together in a... Read More

Bona Fide

Posted on November 28, 2021November 28, 2021 by davidreecher
Bona Fide – David Reecher Bona Fide is a term that states that someone’s actions or negotiations are in good faith. For example, when a buyer purchases a home from a seller, the seller is expected... Read More

Boilerplate

Posted on November 28, 2021November 28, 2021 by davidreecher
Boilerplate – David Reecher Boilerplate is the standard template used in deeds, mortgages, and other legal documents and contracts. The boilerplate is meant to aide the lawyers and users so that the... Read More

Board of Equalization

Posted on November 28, 2021November 28, 2021 by davidreecher
Board of Equalization – David Reecher A Board of Equalization is a stage agency that is responsible for assessing property taxes in a uniform manner. Most cities and counties rely on property taxes ... Read More

Blue Sky Laws

Posted on November 28, 2021November 28, 2021 by davidreecher
Blue Sky Laws – David Reecher Blue sky laws are federal securities regulations that are designed to protect investors from highly risky investments and nefarious practices by people who sell investm... Read More

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Powered by Nitro Theme. ATTENTION READERS: The content of this blog is not intended to provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult with your own tax, legal and accounting advisor before engaging in any real estate transaction.
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