An Estate at Will is a legal term that refers to an arrangement between two parties – the landlord and tenant. It is a type of tenancy agreement where the tenant has the right to occupy and use the property indefinitely without a written lease or contract. This type of estate is also known as […]
Category: Real Esate Basics
Real Esate BasicsWhat Is a Special Agent in Real Estate?
In real estate, special agents play a pivotal role in ensuring smooth transactions between buyers and sellers. They are highly trained professionals with extensive real estate market knowledge, laws and regulations, and negotiation tactics. Special agents are licensed by their respective state or country to represent the buyer or seller in a real estate transaction. They act […]
What Is Accession In Real Estate? Types & Examples
If you’ve ever wondered what accession real estate means, it’s time to get some answers. From understanding the legal terminology and how it applies to owning property to knowing how legislation impacts your purchase decisions and long-term ownership expectations – accession real estate is an important concept. Depending on your particular goals in purchasing or […]
What are the 3 Types of Easements in Real Estate?
An easement is a legal concept that refers to the right of one party to use another party’s property for a specific purpose. This type of arrangement often arises in real estate, where access to certain areas or resources may be required. This document will explore the basics of easements in real estate and their […]
Understanding the Defination & Meaning of Nonhomogeneity
Nonhomogeneous real estate is a term that refers to properties or buildings that are unique and cannot be easily compared to others in the same market. These types of properties have distinct features, making them difficult to evaluate based on traditional methods used for homogeneous real estate. We will discuss all the essential factors […]
What Are the Main Physical Characteristics of Land in Real Estate?
The physical characteristics of land are essential factors to consider when evaluating a property. These characteristics can significantly impact a piece of land’s value and potential use. In this section, we will discuss some of the fundamental physical features that are often considered in real estate. What are the main physical characteristics of land? Three […]