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 th...Read More
Reverse Annuity Mortgage – David Reecher A reverse annuity mortgage is a type of mortgage that retirees on fixed incomes can use to generate income out of the equity in their homes while they co...Read More
Residential Lead-based Paint Hazard Reduction Act – David Reecher This act stipulates procedures to be followed in disclosing the presence of lead-based paint in the sale or rental of properties...Read More
Reserve Fund – David Reecher A reserve fund is the amount reserved to provide funds for future expenses in order to maintain a cooperative or condominium building and is managed by the building&...Read More
Rent Stabilization – David Reecher Another form of rent regulation, rent stabilization usually applies to buildings built before 1974 and apartments removed from rent control. After the rent h...Read More
Rent Control – David Reecher A form of rent regulation, rent control occurs when an apartment has tenants that have been in continual residence since July 1, 1971, or other qualified occupants t...Read More
Redlining – David Reecher Redlining is the resistance of lending institutions to make loans for the purchase, construction, or repair of a dwelling due to the socio-economic conditions of the pr...Read More
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