The set rent payable by a tenant under a lease, to which is added Additional rents as required by the lease (for common area maintenance, for example, or for utilities). …
American Society Of Home Inspectors, Inc
A Professional Trade Organization, for persons specializing in the inspection of the physical condition of homes. …
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Basis Point
One 100th of 1%.A basis point is one one-hundredth of one percentage point. For example, the difference between a loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis points. …
Agency By Necessity
An agency relationship where the authority to represent is imputed to the Agent as a result of an emergency situation to protect the interests of the Principal. …
Agency By Ratification
Agency by ratification refers to a situation in which a principal, typically a property owner or a party in a real estate transaction, explicitly or implicitly approves and accepts the actions of an …
Adjustments
In real estate, adjustments refer to the prorated expenses that are divided between the buyer and seller at the time of closing. They ensure that both parties pay their fair share of costs, such as …