Know the laws your rights
bond
(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction p
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tenants in common
See tenancy in common.
See Topic: Wills & Estate Planning Real Estate Marriage & Living Together Divorce & Child Custody
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for sale by owner (FSBO)
Selling your house without a real estate broker. Doing so can save you a commission but requires that you devote time and energy not only to marketing and showing the house but also to learning and following the legal rules
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bequest
The legal term for personal property (anything but real estate) left in a will.
See Topic: Wills & Estate Planning
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tenant
Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be called the “”lessee.””
See Topic: Landlords & Property Management Real Estate Ren
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mechanic’s lien
A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and supplier
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finder’s fee
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords, however, charge finder’s fees merely for renting a place. This type of char
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