Opinion of Title

Opinion of Title – David Reecher A certification, usually from an attorney, as to the validity of title to property being sold, after examining the abstract of title. The opinion of title is essenti... Read More

Pyramid Zoning

Pyramid Zoning – David Reecher Form of zoning regulation permitting all the uses permitted in more restrictive zoning to also apply to less restrictive zoning. The net effect of pyramid zoning i... Read More


Underwriting – David Reecher In mortgage lending, underwriting is the decision-making process used to determine whether the loan risk is acceptable to the lender.  Underwriting involves the... Read More

Insider Rights

Insider Rights – David Reecher Special rights offered to tenants occupying apartments in a building in the process of converting to a co-op or condo, giving them the exclusive right to buy their... Read More

Graduated Lease

Graduated Lease – David Reecher A graduated lease is a lease in which the rent changes from period to period over the lease term.  This type of lease is usually used by a new business tenan... Read More


Acre – David Reecher Is a unit of land area used in the imperial and US customary systems. It is defined as the area of 1 chain by 1 furlong (66 by 660 feet), which is exactly equal to 43,560 sq... Read More