Month: July 2017
Right of First Refusal
Right of First Refusal – David Reecher A condition contained in many condominium master deeds that permits the board to review any party seeking to purchase or rent an apartment and to refuse ... Read More
Right of Survivorship
Right of Survivorship – David Reecher The right of survivorship is the right of an owner to receive the title to a co-owner’s share upon death of the co-owner, as in the case of joint tena... Read More
Riparian Rights
Riparian Rights – David Reecher Riparian rights are the rights of an owner of property adjoining a watercourse such as a river, including access to and use of the water.... Read More
Sales Comparison Approach
Sales Comparison Approach – David Reecher The sales comparison approach is an appraisal tool for estimating the value of a property with other similar properties that have sold recently.... Read More
Security Deposit
Security Deposit – David Reecher The security deposit is the payment required by the landlord that guarantees that the tenant will meet their financial obligations under the terms of the lease.Â... Read More
Seller Contribution
Seller Contribution – David Reecher The seller contribution is a payment by the seller of a property of some, or all, of the buyer’s closing costs.... Read More
Servient Tenement
Servient Tenement – David Reecher Servient tenement refers to land encumbered by an easement.... Read More