The act of putting an end to a contract by mutual agreement of the parties.
The laws, regulations, and codes enacted by the governing body of a municipality.
An exclusive listing (generally an exclusive right to sell) with the additional authority and obligation on the part of the listing broker to distribute the listing to other brokers in the multiple-listing organization.
One who, having all or part of the title to the property, pledges that property as security for a debt; the borrower
A lien or charge on a mortgagor’s property that secures the underlying debt obligations.
A conditional transfer or pledge of real estate as security for a loan. Also, the document creating a mortgage lien.
Fixed natural or artificial objects, used in the metes-and-bounds description, to establish the boundaries; located at the corners.
A periodic tenancy – the tenant rents for one period at a time. In the absence of a rental agreement (oral or written), a tenancy generally is considered to be from month to month.
Those institutions, such as banks, savings-and-loan associations, and life insurance companies, who supply money and credit to borrowers.
A court judgment ordering payment of money rather than the specific performance of a certain action.