|
| Lowes Employment Home Improvement |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
NET LEASE A lease, usually commercial, whereby the lessee pays not only the rent for occupancy, but also pays maintenance and operating expenses such as tax, insurance, utilities and repairs. Thus the rent paid is "net" to the lessor. COMMISSION Money paid to a real estate agent or broker for negotiating a real estate or loan transaction. ENCROACHMENT An unauthorized invasion or intrusion of a fixture or other real property wholly or partly upon another's property, thus reducing the size and value of the invaded property. PRINCIPAL The capital sum; interest is paid on the principal. NOT spelled principle. TAX LIEN Claim against a property for unpaid taxes. PERIODIC TENANCY A leasehold estate which continues from period to period, such as month to month, year to year. All conditions and terms of the tenancy are carried over from period to period, and continue for an uncertain time until proper notice of termination is given. CREDIT REPORT A report detailing the credit history of a prospective borrower that's used to help determine borrower creditworthiness. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |