Administrator

Administrator – David Reecher An administrator is a person who is given the power to distribute and manage the estate of a deceased person who left no will behind. In this way, administrators ar... Read More

Additional Rent

Additional Rent – David Reecher Additional rent refers to any monetary obligations that a tenant is responsible for in addition to the base rent or the minimum monthly rent. Base rent is the agr... Read More

Addendum

Addendum – David Reecher An addendum is a change or addition attached to a real estate contract. It indicates terms that were not included in the original contract of purchase or sale. The adden... Read More

Add-On Interest

Add-On Interest – David Reecher Add-on interest refers to the interest paid by the borrower on the principal for the life of the loan. The lender determines the amount of this interest at the be... Read More

Actual Age

Actual Age – David Reecher When buying or selling a home, it’s important to know and consider the house’s actual age. The actual age of a building simply refers to how long the dwell... Read More