Eminent Domain Compensation
Payment made to property owners when land is taken for public use.
by Sukhumalin July 11, 2025
Exclusive Agency Listing
A contract where one broker markets the property but the owner can sell independently without paying commission.
by Sukhumalin July 11, 2025
Fair Housing Act
U.S. law prohibiting discrimination in housing based on protected characteristics.
by Sukhumalin July 11, 2025
Floodplain
Low-lying land adjacent to a river or stream prone to flooding.
by Sukhumalin July 11, 2025
Force Majeure Clause
A contract provision excusing obligations due to extraordinary events.
by Sukhumalin July 11, 2025
Gross Leaseable Area (GLA)
Total floor area available to be rented in a building.
by Sukhumalin July 11, 2025
Ground Rent
Payment made for leasing land while owning the building on it.
by Sukhumalin July 11, 2025
Guarantor
A person or entity that agrees to repay a debt if the borrower defaults.
by Sukhumalin July 11, 2025
Habitable Condition
The minimum standard ensuring a property is safe and livable.
by Sukhumalin July 11, 2025
Holdover Clause
A lease provision defining terms if the tenant stays after the lease expires.
by Sukhumalin July 11, 2025
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