Home Loan Modular
Home Loan Modular
Home Loan Modular

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Real Estate Terms of the Day for Home Loan Modular



COURTESY TO BROKERS
The practice of sharing commissions with cooperating brokers.

DEED OF TRUST
A legal document that conveys title to real property to a third party. The third party holds title until the owner of the property has repaid the debt in full.

PREPAYMENT
Full or partial repayment of the principal before the contractual due date.

PROPERTY MANAGEMENT
That aspect of real estate devoted to the leasing, managing, marketing and overall maintenance of the property of others.

TURNKEY PROJECT
A development term meaning the complete construction package from ground breaking to the completion of the building. All that is left undone is to turn over the keys to the buyer.

EVICTION
The legal process of removing a tenant from possession of the premises for some breach of the lease contract.

HOMEOWNER'S ASSOCIATION
A non-profit association of homeowners organized pursuant to a declaration of restrictions or protective covenants for a subdivision, a PUD, or a condominium.

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