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 – 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 – 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 – 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 – 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 – 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 – 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 – 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 – 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 – 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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