Property Report An appropriate document created by a secure surveyor you to definitely clearly illustrates the fresh new limitations out-of a property together with location out-of advancements into the house in accordance with the fresh new boundaries. Additionally, it may consist of good surveyor’s advice otherwise issues of these items.
REALTOR A registered signature of your own Canadian A house Organization (CREA). Real estate agents aren’t expected to feel members of their regional board, but not only house professionals who are people in the regional a home board try authorized to utilize the new Real estate professional term.
Irresponsible Misrepresentation A bogus otherwise mistaken statement produced by men exactly who because they didn’t come with intention so you can mislead individuals failed to do the reasonable tips to confirm the newest statement’s truthfulness otherwise precision. A third party get rely on the new misrepresentation so you’re able to their or their unique possible otherwise actual hindrance.
Reconciliation The procedure for which a bona-fide property appraiser evaluates, determines and you can chooses out-of certainly 2 or more solution results otherwise indications to-arrive just one respond to (we.age. final worthy of estimate).
Leisure Arrangement A written offer registered into from the a great condominium organization to allow an owner to utilize recreation institution perhaps not found on the average assets or non-owners to make use of amusement institution found on the common assets.
In addition, it depicts other problems impacting the house or property, for example liberties-of-way, easements, encroachments, an such like
Entertainment Condo A great condo one includes products one owners and/otherwise residents head to occasionally due to the fact a weekend or destination.
Refinance The method wherein a borrower tries to produce an enthusiastic existing home loan so you’re able to establish a new one. Some reasons one a borrower get thought mortgage refinancing were acquiring a much better price, benefitting off additional home loan rights, or feeling better solution or deeper convenience.
Joined Size The floor space regarding a beneficial unit within a condo because detailed about Schedule out of Product Affairs and you will Equipment Parts on an excellent Condo Bundle. Plus the significantly more than floor space within the unit, new registered proportions include several components, such a basement, driveway, parking stall or storage area.
Rehab The newest repair of a home in order to meet criteria as opposed to switching the plan, form, otherwise brand of a pattern. Into the urban revival, the new repair so you’re able to great condition of deteriorated structures, people, and you will public facilities. Area treatment get extend to street improvements while the supply out of like features once the parks and you will playgrounds.
Remainder Device Into the a barely combined condominium, a equipment including portion for use by equipment residents you to are owned by brand new condo agency who’s responsible for their proper care and you can repairs.
Remediation Tips to reduce toxic contamination to a level that will not upset or ruin the environmental surroundings, human wellness otherwise cover or possessions.
The method usually requires the borrower spending the present home loan, including any judge states resistant to the possessions and you may one applicable commission punishment as a result of the very early release
Removal Certification An application lead by Alberta Environment and Areas to help you enable the removal out of contaminated property. A remediation certificate is meant to give guarantee you to compatible methods were utilized to cleaning contaminants. A removal certification just pertains to the aspects of contaminants that has been remediated, maybe not an entire possessions.
Remuneration The latest payment (age.gmission, gift ideas, most other pros) received from the broker getting features made in order to an event (e.grams. customers, client). Find as well as Payment.
Lease The brand new financial settlement paid off to help you a property owner on the short-term fool around with and you can/otherwise job away from a residential property from the a tenant. Pick also Property owner.
Leasing Contract An authored contract ranging from a manager (landlord) and you will a tenant less than that owner allows the 1000 same day loans occupant the fresh correct of exclusive use of the property for a specified go out, rent and you may words. Look for along with Property manager and Renter.
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