A legal document used to create and establishe a condominium that includes a description of the property and the uses to which it is restricted, a description of individual ownership units, common elements and procedures for amending the declaration and describes the property rights of the unit owners
A court approval of the sale of property by an executor, administrator, guardian or conservator of an estate..
A new loan that pays off more than one existing loan and usually provides better repayment terms..
A loan reduction plan whereby the borrower pays a fixed amount each month, a part of which is applied to the payment of interest and the remainder to the repayment of the principal..
A loan that is made to finance the actual construction of improvements on land and the funds are usually dispersed in three payments as the construction progresses..
A breach of a covenant of warranty or quiet enjoyment such as the inability of a lessee to obtain possession because of a major defect in title or a condition making occupancy hazardous or unfit for its intended use..
1. A fact, imputed or knowable to a person by law, which should have been discovered because of the person’s actual notice of circumstances or the inquiry that a prudent person would have been expected to make. 2. Notice of the condition of title to real property given by governmental official records and which does not require actual knowledge of the recorded information
A substance, element. or compound such as asbestos, benzene, radon, PCBs, perchloroethylene, and lead-based paint above acceptable levels and/or are in locations where they should not he found that may be harmful to humans or other forms of life if released into the environment.
Modern design differentiated from traditional functional design.
Ownership of an interest in a particular parcel of land by more than one person such as with tenancy in common or joint tenancy.
