Illiquidity – David Reecher 1. Inadequate cash to meet obligations. Real estate is an illiquid asset because of the time and effort required to convert it to cash. 2. A characteristic of an inve... Read More


Illiquid – David Reecher An investment that cannot be quickly sold or converted to cash without incurring a significant loss. Real estate is generally an illiquid investment.... Read More

Habendum Clause

Habendum Clause – David Reecher The “to have and to hold” clause that defines or limits the quantity of the estate granted in the deed. Declares whether the type of ownership conveye... Read More

Zoning Ordinance

Zoning Ordinance – David Reecher Zoning ordinance is a statement settling forth the type of use permitted under each zoning classification and specific requirements for compliance.... Read More


Zone – David Reecher An area of a municipality or specific building that is zoned for a specific use, such as residential, commercial, etc.... Read More