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If you are looking to sell your home quickly because of divorce, we can help. We offer no-contingency contracts, so that you don't have to worry about the deal falling through. We will help you close in less than 2 weeks so you can move on with your life. Call Shaun O'Toole at (757) 724-1428.
LANDLORD The lessor or the owner of leased premises. The landlord retains a reversion interest in the property so that when the lease ends the property will revert to the landlord. LAND DESCRIPTION A description of a particular piece of real property. TRIPLE NET LEASE A net, net, net lease, where in addition to the stipulated rent, the lessee assumes payment of all expenses associated with the operation of the property. AMORTIZATION Repayment of a loan with periodic payments of both principal and interest calculated to payoff the loan at the end of a fixed period of time. OBSOLESCENCE A type of depreciation of property. PUFFING Exaggerated or superlative comments or opinions not made as representations of fact and thus not a grounds for misrepresentation. A statement such as "the apartment has a fantastic view," is puffing because the prospective buyer can clearly assess the view in each case. AGREEMENT OF SALE Contract signed by buyer and seller stating the terms and conditions under which a property will be sold. HOUSE RULES Rules of conduct adopted by a board of directors of a condominium and designed to promote harmonious living among the owners and occupants. AMORTIZATION The gradual repayment of a debt by means of systematic payments of principal and interest over a set period, where at the end of the period there is a zero balance. |
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