Virginia Divorce Law
Virginia Divorce Law
Virginia Divorce Law

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Real Estate Terms of the Day for Virginia Divorce Law



DEFERRED COMMISSIONS
Commissions which are earned but not yet fully paid.

TITLE COMPANY
A company that insures title to property.

GARNISHMENT
A legal process designed to provide a means for creditors to safeguard for themselves the personal property of a debtor which is in the hands of a third party ("garnishee").

PRORATE
To divide or distribute proportionately.

HOLDOVER TENANT
One who stays on the leased premises after his lease has expired. The landlord normally has the choice of evicting the holdover tenant or permitting him to remain and continue to pay rent.

FHLMC
See Federal Home Loan Mortgage Corporation.

COVENANTS RUNNING WITH THE LAND
Covenants which become part of the property and benefit or bind successive owners of the property.

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