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Capitalization rate (or "cap rate") is a real estate valuation measure used to compare different real estate investments. Although there are many variations, the cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value. Most variations depend on the definition of ...
In finance, law, and insurance, rescission is the termination of a contract from the beginning (as if it never existed), rendering it void ab initio. In 2009, one judge ruled that borrowers who refinanced into an adjustable-rate mortgage could force a bank to rescind mortgage loans if it acted similarly inappropriately. [9]
In common law jurisdictions, a misrepresentation is a false or misleading [1] statement of fact made during negotiations by one party to another, the statement then inducing that other party to enter into a contract.
(The Center Square) — Some Georgia governments are considering opting out of a bill that limits the increase of a homestead property's value to the rate of inflation. House Bill 581 was ...
Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today. However, real estate professionals caution that cap rates ...
Rectification is available if the parties intended to give effect to the whole of an antecedent agreement in the written contract and, by common mistake, they failed to do so. [3] However, the existence of an antecedent agreement is not essential to the grant of relief by way of rectification. [3]
A rate lock is a guarantee that a mortgage lender will honor a specific interest rate at a specific cost for a set time. The benefit of a mortgage rate lock is that it protects you from market ...
Mistake of law is a legal principle referring to one or more errors that were made by a person in understanding how the applicable law applied to their past activity that is under analysis by a court. In jurisdictions that use the term, it is differentiated from mistake of fact. There is a principle of law that "ignorance of the law is no excuse."