Realty Executives, The Executive Team, Inc.
118 Lamar Blvd #10, Hattiesburg, MS 39402, USA
8J94+FJ Hattiesburg, Mississippi, USA
PREPAYMENT PRIVILEGE - The proper from the debtor to pay back section or all the credit card debt devoid of penalty ahead of maturity, such as in the mortgage or settlement of sale.
ALIENATION CLAUSE - A clause inside a promissory Be aware or mortgage which delivers which the balance with the secured financial debt turns into right away due and payable at the choice with the mortgagee upon the alienation from the property because of the mortgagor.
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PORTE COCHERE - A roofed construction extending from the entrance of a setting up over an adjacent driveway to shelter those moving into or out of automobiles.
PROBATE - The formal judicial proceeding to demonstrate or affirm the validity of the will. The will is introduced to the probate court docket, and creditors and intrigued functions are notified to present their claims or to show bring about why the provisions on the will should not be enforced via the court.
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UNILATERAL Agreement - A agreement where a person social gathering helps make an obligation to conduct without the need of acquiring in return any Categorical assure of general performance from another party, for example an open up listing deal, in which the vendor agrees to pay for a commission to the main broker who brings in the Prepared, inclined and ready purchaser.
CLOUD ON TITLE - Any doc, declare, unreleased lien or encumbrance which quite a few impair or injure the title to residence or make the title doubtful thanks to its obvious or achievable validity.
CLUSTER Enhancement - The grouping of housing units on lower than regular dimension homesites, Along with the remaining land being dedicated to frequent areas.
Particular ASSESSMENT - A tax or levy customarily imposed towards have a peek at this site only Those people distinct parcels of realty which can gain from a proposed community improvement, instead of a basic tax on the complete Local community.
REDUCTION CERTIFICATE - An instrument which exhibits the amount of the unpaid balance of the mortgage, the rate of desire as well as the day of maturity.
AGENCY - A partnership developed when 1 person, the "principal," delegates to another, the "agent," the right to act around the principal's behalf in organization transactions also to exercise some diploma of discretion when so acting.
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Generate - The return on an expenditure or the level of income, mentioned like a share of the amount invested. Z ZONING - The regulation this website of constructions and utilizes of property within specified districts or zones.