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Land agent may be used in at least three different contexts.. Traditionally, a land agent was a managerial employee who conducted the business affairs of a large landed estate for a member of the nobility or landed gentry, [1] supervising the farming of the property by farm labourers and/or tenants and collecting rents or other payments.
An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.
When it comes to selling a home there's a lot to know beyond staging and setting a reasonable list price. As with any industry, there are real estate definitions (homestead, quit-claim) and a set ...
A steward is an official who is appointed by the legal ruling monarch to represent them in a country and who may have a mandate to govern it in their name; in the latter case, it is synonymous with the position of regent, vicegerent, viceroy, king's lieutenant (for Romance languages), governor, or deputy (the Roman rector, praefectus, or vicarius).
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.
Lateral and subjacent support, in the law of property, describes the right a landowner has to have that land physically supported in its natural state by both adjoining land and underground structures.
A severance can in law mean the act of severing a piece of land from a larger tract of land. The severed parcel of land becomes a separate lot (parcel). Second, it can refer to, in jurisdictions that have the form of co-ownership, the ending of a joint tenancy by act or event other than death.