|
|
|
Any part of a structure or site feature that is above the adjacent finished ground level. |
|
|
|
A condensed history of the title to a parcel of land consisting of a synopsis of every recorded instrument affecting the title to that land arranged in chronological order of recording. |
|
|
|
Sums which have been accumulated in a regularly recurring period. |
|
|
|
A person appointed by the court to administer the estate of a deceased person who has no executor (usually because he left no will). |
|
|
|
A statement or declaration reduced to writing and sworn to or affirmed before some officer who is authorized to administer an oath or affirmation, such as a notary public. |
|
|
|
The relationship between principal and agent which arises out of a contract, either expressed or implied, written or oral, wherein an agent is employed and authorized by a principal to do certain acts on his behalf in dealing with a third party. |
|
|
|
One who is authorized by a principal to represent him in business transactions with a third party. In the real estate profession, it refers to a broker. |
|
|
|
The right of the landowner to the space above his land, extending upward for a reasonable distance. |
|
|
|
The gradual repayment of a debt by means of partial payment of the principal and interest at regular intervals over an established period of time. |
|
|
|
An act of estimating value, an estimate or opinion of value by one individual based on what is taking place or has taken place in the market.
|
|
|
|
An increase in value due to any cause. |
|
|
|
A mortgagee approved by the Canada Mortgage and Housing Corporation (CMHC) to make loans under the National Housing Act.
|
|
|
|
Something which is outside the real property itself, but belongs to the land and is joined thereto. It adds to a greater enjoyment of the land. A right-of-way is an appurtenance.
|
|
|
|
The surface within specific boundaries. |
|
|
|
A valuation placed upon property by a province or municipality as a basis for municipal taxation.
|
|
|
|
A charge against real estate made by a unit of government to cover a proportionate cost of its operational costs. A special assessment is a charge made to cover a specific improvement such as a sidewalk, and is levied against the property directly benefited.
|
|
|
|
An official who has the responsibility of determining assessed values for tax purposes.
|
|
|
|
The amount of the mortgage loan that is outstanding and would be assumed by a purchaser.
|
|
|
|
The taking of title to property by a grantee, wherein he assumes liability for an existing mortgage against a property and becomes personally liable for the payment of such mortgage debt.
|
|
|
|
The legal power or right given by a principal and accepted by the agent to act on the principal's behalf in performing specific acts or negotiations.
|
|
|
|