Property Report A legal file produced by a secure surveyor one to demonstrably depicts the fresh new boundaries from a house and venue of advancements towards the homes according to the latest boundaries. Additionally, it could consist of a beneficial surveyor’s opinion otherwise issues out-of these materials.
REALTOR A registered trademark of the Canadian A house Connection (CREA). Realtors aren’t expected to feel members of its local panel, yet not only real house experts who is actually members of the regional real estate board was authorized to use the Realtor title.
Reckless Misrepresentation An incorrect or misleading declaration from a person exactly who as they had no intention so you can misguide some one failed to make practical actions to confirm the latest statement’s truthfulness or precision. A 3rd party will get believe in the fresh misrepresentation to help you their otherwise their unique possible otherwise genuine detriment.
Reconciliation The process whereby a bona fide house appraiser evaluates, chooses and you may chooses off one of several choice results or indicators to reach https://speedycashloan.net/payday-loans-wv/ a single address (we.age. latest value estimate).
Recreation Agreement A created offer registered on the by the good condo business to allow a holder to use entertainment place perhaps not found on an average property otherwise non-customers to make use of recreation organization found on the popular possessions.
In addition depicts other issues impacting the house or property, such as rights-of-means, easements, encroachments, etcetera
Entertainment Condominium A condominium one to contains products one to citizens and you will/or occupants go to sometimes as the a weekend otherwise vacation destination.
Refinance The procedure by which a borrower tries to release a keen established mortgage so you can establish yet another that. Certain factors that a borrower can get thought mortgage refinancing is acquiring a much better rates, benefitting out of different financial rights, or sense most readily useful service or deeper benefits.
Entered Size The floor place away from an excellent tool within this a good condominium because outlined from the Agenda off Device Activities and you can Equipment Components into a great Condominium Plan. As well as the a lot more than surface place contained in the equipment, the latest inserted size vary from many components, eg a basement, garage, vehicle parking stands or storage space.
Rehab This new fix away from a house to meet up with standards in the place of modifying the program, function, or sorts of a pattern. Inside the metropolitan revival, this new repairs so you’re able to great condition from deteriorated structures, people, and you can public venues. Community rehabilitation may expand to street advancements and the provision away from eg facilities since the parks and playgrounds.
Remainder Unit Into the a scarcely combined condo, a unit complete with elements for use because of the device residents you to definitely was owned by the newest condominium firm who’s guilty of its proper care and you may restoration.
Removal Methods to attenuate toxic contamination so you’re able to a level that doesn’t impact otherwise damage the environmental surroundings, person wellness or safety or possessions.
The method generally involves the borrower having to pay current home loan, also people judge claims from the assets and you will one applicable payout charges considering the very early release
Removal Certification A course put from the Alberta Environment and Areas so you’re able to enable the removal out-of polluted property. A remediation certificate is intended to promote promise one to compatible measures were utilized in order to clean contaminants. A remediation certification just pertains to the specific aspects of contaminants that has been remediated, not a whole possessions.
Remuneration The fresh new payment (e.gmission, gift ideas, other pros) obtained of the brokerage having features made so you’re able to an event (age.grams. consumer, client). Discover and additionally Compensation.
Book The new monetary settlement paid off to help you a property manager towards the short-term have fun with and/or occupation off a residential property from the an occupant. Discover plus Property owner.
Leasing Contract A composed contract anywhere between an owner (landlord) and you can an occupant around that proprietor lets the brand new occupant the correct of personal use of the possessions to own a designated time, rent and terminology. Come across along with Property owner and you will Tenant.
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