The ownership of property by two or more persons, where on the death of one, his share does not automatically go to the other(s) but is credited to his estate. …
Contract of Purchase and Sale
A written statement by which a buyer agrees to purchase, and a seller agrees to sell a particular piece of property according to the terms set forth in that agreement. …
Conventional Mortgage
A first mortgage granted by an institutional lender such as a bank or trust company, where the amount of the loan does not exceed 75% of the lending value of the property. …
Zero-Lot Line
Refers to the placement of a home on its lot in such a way that one or more sides of the home really has no yard space. The home is built right up to the edge of the property line. …
Zero-Net
When the seller receives little or no net proceeds from the property sale. …
Zoning
Zoning refers to the regulations and laws established by local governments to control the use and development of land within their jurisdiction. These regulations classify land into various zones, …