The best Side of Hattiesburg Real Estate Glossary

Realty Executives, The Executive Team, Inc.
118 Lamar Blvd #10, Hattiesburg, MS 39402, USA
8J94+FJ Hattiesburg, Mississippi, USA
+1 601-268-1600

DEPOSIT - Funds provided by a potential buyer as a sign of excellent faith in moving into right into a contract to purchase; earnest funds; security for the customer's performance of a contract.

QUANTITY Study - A way of estimating building cost or copy Expense; a remarkably technological system Employed in arriving at the cost estimate of recent design and at times referred to in the building trade as the cost take-off technique.

Unique Efficiency - A legal motion brought within a court docket of equity to compel a celebration to carry out the terms of a agreement.

A pending listing indicates a seller has acknowledged a suggestion from the purchaser. Occasionally, the vendor will accept backup delivers.

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TENANCY AT WILL - A tenancy by which an individual is in possession of real estate While using the permission of your owner, for the time period of unspecified or uncertain duration, as when an owner permits a tenant to occupy a residence until eventually it really is marketed.

From Small business: I’ve gotten to grasp a lot of nearby households being an Allstate agent in Hattiesburg. I love becoming a Section of the community, and making area interactions is amongst the…

A ABANDONMENT - The voluntary surrender or relinquishment of possession of real property Together with click here for more info the intention of terminating 1's possession or fascination, but with out vesting this curiosity in every other particular person.

PLOTTAGE - The merging or consolidating of adjacent tons into 1 much larger great deal, With all the consequent result of enhanced usability and elevated value; also known as assemblage.

RENEWAL Choice - A covenant in a few leases which gives the lessee the proper to increase the lease phrase for a particular period useful reference of time, on specified terms.

The calculator is based on business normal prices. Your transfer charges may range depending on the genuine body weight of your merchandise, the providers you request or are necessary to accomplish the shift, and/or about the pricing of each and every person mover.

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Exclusive Guarantee DEED - A deed in which the grantor warrants or visit the website guarantees the title only towards defects arising in the course of the duration of his tenure and ownership from the home and never towards defects current before the time of his possession.

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