Real Estate Glossary
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The process by which a government or municipal quasi-public body raises monies to fund its operation.
tenancy by the entireties
is a special ownership created for husband and wife. In a tenancy by the entireties, both the husband and wife own 100% of the property. The marital partners must take title at the same time and through the same deed. Some states require specific verbiage to be included in the deed. This form of ownership is not recognized by all states and is not available in Georgia.
A manager must make sure that a certain place is suitable for a tenant in location, size, and amenities. The manager should also make sure the tenant is able to pay for the space. Tenant compatibility is simply making sure the tenant is a good choice for the space you are managing.
refers to the status of a deceased and their estate when a will exists. When a person dies with a will, they are said to die testate.
is the man who makes a will, testatrix if a female.
Offering products together as part of a package. For competitive purposes, a monopolist may use forced buying, or "tie-in" sales, to gain sales in other markets where it is not dominant and to make it more difficult for rivals in those markets to obtain sales.
is a form of ownership that allows access or occupancy for only a designated or specific time period.