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

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

RIPARIAN RIGHTS

RIPARIAN RIGHTS – David Reecher The many rights of a person in, to, and over the banks, bed, shallows, shore, and water of a stream or body of water upon which his land borders.... Read More

REFINANCE RATE

REFINANCE RATE – David Reecher When referring to title insurance, the refinance rate is the reduced rate for a loan policy issued on the new loan in a refinance transaction, in which the origina... Read More

Setback

Setback – David Reecher Setback is a technical property term that refers to the minimum distance that a house must be from the end of the lot line. The specific setback distance is determined by... Read More

Reverse Mortgage

Reverse Mortgage – David Reecher A reverse mortgage is a loan, but it is only available to homeowners that are over a certain age and that have a specific amount of equity in their homes. While ... Read More