This is a covenant stating that if a property is sold before the maturity date, the mortgage is considered due.
Latest Posts
First Generation Space
This is a new space that is presently available for lease. It typically has never been occupied by a tenant before.
Flat fee
This is a fixed charge that a client pays to an adviser or manager instead of a percentage-based commission. It is the fee paid for their services in managing a portfolio of real estate assets.
Co-tenancy
This is a section in a tenant's retail lease that supplies solutions to a tenant in case another tenant (usually a major or an anchor tenant) ends its operations at the site.
Convertible preferred stock
This refers to preferred shares that are convertible to a fixed number of common shares after a fixed date. It is commonly exchanged at the request of the shareholder; however, there may be times when a provision allows the...
Foreclosure
In this legal process, where a lender can sell an asset that is used as collateral in a loan in order to recover the money owed by the debtor after they have defaulted. When a debtor takes out a loan, they may be asked to put up...
Deed Restriction
This is an imposed restriction specified in a deed that limits the use of a particular property. An example of this is the restriction of the sale of alcoholic beverages.
Dispossess
This is the process of legally evicting someone from their tenancy in a real property. It may also refer to the document that usually accompanies the process. It is a legally required notice with the aim to advise someone that an...
Emblements
Deemed to be personal property, emblements are yearly crops that are produced by cultivation. A tenant will typically grow them on someone else's land, but these crops are treated as the tenant's personal property, they are still...
Equilibrium Point
This is the point wherein the quantity supplied becomes equal to the quantity that is demanded.
