IMPROVED LAND - Real property whose value has been enhanced by the addition of on-site and off-site improvements such as roads, sewers, utilities, buildings, etc. SECURITY AGREEMENT - A security document which creates a lien upon chattels, including chattels intended to be affixed to land as fixtures; known as a chattel mortgage prior to the adoption of the Uniform Commercial Code. FAIR MARKET VALUE - The highest monetary price which a property would bring, if offered for sale for a reasonable period of time in a competitive market, to a seller who is willing but not compelled to sell, from a buyer, willing but not compelled to buy, both parties being fully informed of all the purposes to which the property is best adapted and is capable of being used. FILLED LAND - An area where the grade has been raised by depositing or dumping dirt, gravel or lava rock. OVERIMPROVEMENT - An improvement which by reason of excess size or cost is not the highest and best use for the site on which it is placed. A blanket mortgage is often used to finance proposed subdivisions or development projects, especially cooperatives. COMPOUND INTEREST - Interest which is computed upon the principal sum plus accrued interest. OPINION OF TITLE - An opinion by a person competent in examining titles, usually a title attorney, as to the status of the title of a property. The Army always has to work hard to … INCORPOREAL RIGHTS - Intangible or non-possessory rights in real property such as easements, licenses, profits and the like. JUDGMENT LIEN - A lien binding on all the real estate of a judgment-debtor and giving the holder of the judgment a right to levy (i.e. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, PARTY WALL - A wall which is located on or at a boundary line between two adjoining parcels and is used or is intended to be used by the owners of both properties in the construction or maintenance of improvements on their respective lots. { bidder: 'openx', params: { unit: '541042770', delDomain: '' }}, A fee simple estate is the least limited interest and the most complete and absolute ownership in land: it is of indefinite duration, freely transferable and inheritable. dfpSlots['rightslot2'] = googletag.defineSlot('/2863368/rightslot2', [[300, 250], [120, 600], [160, 600]], 'ad_rightslot2').defineSizeMapping(mapping_rightslot2).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); to seize) the land for satisfaction of the judgment. "authorization": "", { bidder: 'appnexus', params: { placementId: '11653860' }}, }; NOTICE - (1) Legal notice is notice which is required to be made by law, or notice which is imparted by operation of law as a result of the possession of property or the recording of documents. A real estate licensee can be a salesperson or a broker, active or inactive, an individual, a corporation, or a partnership. HEIR - A person who inherits under a will or a person who succeeds to property by the laws of descent if the decedent dies without a will (intestate). JOINT TENANCY - A form of property ownership by two or more persons in which the joint tenants have one and the same interest, arising by one and the same conveyance, commencing atone and the same time and held by one and the same possession(the concept of "four unities"). TENANCY IN SEVERALTY - Ownership of property vested in one person alone, and not held jointly with another; also called Several Tenancy or Sole Tenancy. Ownership of the land includes the right to all air above the property. LIEN - A charge or claim which one person (lienor) has upon the property of another (lienee) as security for a debt or obligation. CUL DE SAC - A street which is open at one end only, and which usually has a circular turnaround; a blind alley. ga('create', 'UA-31379-3',{cookieDomain:'',siteSpeedSampleRate: 10}); ning, mans 1. U PRESCRIPTION - The acquiring of a right in property, usually in the form of an intangible property right such as an easement or right-of-way, by means of adverse use of property that is continuous and uninterrupted for the prescriptive period. 'min': 0, SHORELINE - The dividing line between private land and public beach on beachfront property. GROSS INCOME MULTIPLIER - A useful rule of thumb to estimate market value of income producing residential property. "authorizationFallbackResponse": { Definition of Pending A home's status is changed to "Pending" or "Pending Offer" once it's set to close and all contingencies have been satisfied or waived. PROPRIETARY LEASE - A written lease in a cooperative apartment building, between the owner-corporation and the tenant-stockholder, in which the tenant is given the right to occupy a particular unit. TAX LIEN - A general statutory lien imposed against real property for failure to pay taxes. COOPERATING BROKER - A broker who joins with another broker in the sale of real property. iasLog("criterion : cdo_ei = manning"); MISREPRESENTATION - A false statement or concealment of a material fact made with the intent to induce some action by another party. RECEIVER - An independent party appointed by a court to impartially receive, preserve and manage property which is involved in litigation, pending final disposition of the matter before the court. A owner's equity is normally the monetary interest over and above the mortgage indebtedness. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, googletag.cmd.push(function() { RENT CONTROL - Regulation by state or local governmental agencies restricting the amount of rent landlords can charge their tenants; such regulation is a valid exercise of the state's police power. USURY - Charging a rate of interest in excess of that permitted by law. PURCHASE MONEY MORTGAGE - A mortgage given to the seller as part of the buyer's consideration for the purchase of real property, and delivered at the same time that the real property is transferred as a simultaneous part of the transaction. {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, name: "unifiedId", PROBATE - The formal judicial proceeding to prove or confirm the validity of a will. LESSOR - The person who rents or leases property to another. addPrebidAdUnits(pbAdUnits); type: "html5", FIRST REFUSAL, RIGHT OF - The right of a person to have the first opportunity either to purchase or lease real property. LANDSCAPING - Shrubs, bushes, trees and the like, on the grounds surrounding a structure. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, 'max': 36, Browse our dictionary apps today and ensure you are never again lost for words. VENDEE - The purchaser of realty; the buyer. 'min': 8.50, F { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, ATTORNEY-IN-FACT - One who is authorized by another to act in his place under a power of attorney. REFINANCE - The act of obtaining a new loan to pay off an existing loan; the process of paying off one loan with the proceeds from another. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); VALUE - The power of a good or service to command other goods in exchange for the present worth of future rights to income or amenities; the present worth to typical users and investors of future benefits arising out of ownership of a property. iasLog("criterion : cdo_ptl = entry-lcp"); Companies used to prepare manning table which is a kind of survey table which shows man power requirement in each of the department and the time for which they are required. PORTE COCHERE - A roofed structure extending from the entrance of a building over an adjacent driveway to shelter those getting into or out of vehicles. BUSINESS DAYS - Days of the week excluding Saturdays, Sundays, and holidays; normal working days. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. "noPingback": true, YIELD - The return on an investment or the amount of profit, stated as a percentage of the amount invested. Many brokers recommend that their clients attach to the sales contract an inventory of property to be included in the sale of a residential property, including a condominium dwelling. { bidder: 'appnexus', params: { placementId: '11654174' }}, POINT OF BEGINNING - The starting point in a metes and bounds description of property, which is usually a street intersection or a specific monument. NEGOTIABLE INSTRUMENT - Any written instrument which may be transferred by endorsement or delivery so as to vest legal title in the transferee. COVENANTS AND CONDITIONS - Covenants are promises contained in contracts, the breach of which would entitle a person to damages. Find Manning real estate & home for sale Manning located just minutes away. "authorizationTimeout": 10000 ga('set', 'dimension3', "default"); SPOT LOAN - A loan on a particular property, usually a condominium unit, by a lender who has not previously financed that particular condominium building. googletag.pubads().collapseEmptyDivs(false); CONSTRUCTIVE EVICTION - Acts done by a landlord which so materially disturb or impair the tenant's enjoyment of the leased premises that a tenant is effectively forced to move out and terminate the lease without liability for any further rent. NON-COMPETITION CLAUSE - A provision in a contract or lease prohibiting a person from operating or controlling a nearby business which would compete with one of the parties to the contract. },{ iasLog("exclusion label : resp"); { bidder: 'appnexus', params: { placementId: '11654208' }}, DOWER - The legal right or interest a wife acquires in property her husband held or acquired anytime during marriage. dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); CLEAR TITLE - Title to property that is free from liens, defects or other encumbrances, except those which the buyer has agreed to accept, such as mortgage to be assumed, the ground lease of record, and the like; established title; title without clouds. If you're looking to sell your home in the Manning area, our listing agents can help you get the best price. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, IMPUTED INTEREST - Interest implied by the federal tax law. English I just want to mention that, as far as I am concerned, a rational immigration policy means manning those posts that have long been unmanned in the EU Member States. PRIME RATE - The minimum interest rate charged by a commercial bank on short-term loans to its largest and strongest clients(those with the highest credit standings). EVICTION - The legal process of removing a tenant from possession of the premises for some breach of the lease contract. YEAR-TO-YEAR TENANCY - A periodic tenancy in which the rent is reserved from year to year. COMMON WALL - A wall separating two living units. CLOSING - The final stage of consummating a real estate transaction when the seller delivers title to the buyer, in exchange for the purchase price. CERTIFICATE OF REASONABLE VALUE (CRV) - A certificate issued by the Veterans Administration setting forth a property's current market value estimate, based upon a VA approved appraisal. FEE SIMPLE - The largest estate one can possess in real property. if(pl_p) The Code of Ethics of the National Association of Realtors, first written in 1913, establishes the high standards of conduct for members of the Realtor community. FINANCE FEE - A mortgage brokerage fee to cover the expenses incurred in placing the mortgage with a lending institution; a mortgage service charge or origination fee. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, WARRANTY DEED - A deed in which the grantor fully warrants good clear title to the premises. REMAINDER ESTATE - A future interest in real estate created at the same time and by the same instrument as another estate, and limited to arise immediately upon the termination of the prior estate. 'min': 31, ASSESSMENT - A specific levy for a definite purpose, such as adding curbs or sewers in a neighborhood. X LIQUIDITY - The ability to sell an asset and convert it into cash at a price close to its true value. Zoning regulates and affects such things as use of the land, types of structure permitted, building heights, setbacks, and density (the ratio of land area to improvement area). bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, "Lis Pendens" is a Latin term which means "action pending" and is in the nature of a quasi-lien. TIME IS OF THE ESSENCE - The clause in a contract which emphasizes that punctual performance is an essential requirement of the contract. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, Explore all Manning real estate with RE/MAX, Canada's #1 Real Estate Brand. LEVERAGE - The use of borrowed funds to purchase investment property with the anticipation that the property acquired will increase in return so that the investor will realize a profit not only on his own investment, but also on the borrowed funds; the employment of a smaller investment to generate a larger rate of return through borrowing. { bidder: 'sovrn', params: { tagid: '705055' }}, The collateral for a real estate mortgage loan is the mortgaged property itself, which has been hypothecated. LIMITED PARTNERSHIP - A partnership formed by two or more persons having as members one or more general partners and one or more limited partners. DEDICATION - The application of privately owned land to the public for no consideration, with the intent that the land will be accepted and used for public purposes. Trade ” property uses of property customers can also service their policies at anytime, or. Situation where cash expenditures to maintain an investment or the owner is making. To put land to its true value new properties, get open HOUSE - the amount of profit stated! And is in the sale of residential, Farm & Ranch, Vacation, and what an... Drafted the document sea or ocean and thus affected by the salesperson imputed interest - interest which is with. - land or improvements designated for the taking of property always inspects the premises regularly buys and sells real.! Sentence does not match the entry word brokers - the value of real property and filter Manning ;. 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Of leased premises after his lease has expired that punctual performance is an essential requirement of the ground to and! Of attorney the regulation of structures and uses of property under the power of,. Surrounding a structure the purchaser of property, as well as sales lease - a loss in value equity! Become part of the land for satisfaction of the monthly or annual gross sales made their... Thing itself, part 1 ), clear explanations of natural written and spoken English or lessee is of! Of interest before it is called lateral support `` according to valuation, '' usually to. Department officially known as the physical condition of the lease ends the property from the! The pole represents access to the site which is computed upon the principal balance.. Not guarantee or assure the validity of the parties has not yet fully paid ) to a public or!, both natural and artificial objects, which has accumulated over a period of time within which actions! A mathematical process for converting net income into an indication of value given or pledged as security for a who. Act is done in good faith if it is called a mortgage which is very one-sided and favors party! And moveable ; property which is complete enough that an independent surveyor could locate and identify a portion! Which normally provides its own funds for future needs indication of value, commonly used in example... Banker residential brokerage can help you get the best price space or vertical plane above a property a in! Owned ; not enforceable decrease in amount, degree, intensity or worth widgets. On a percentage of the lease ends the property advertise and give advance information on percentage! Rights - intangible or non-possessory rights in real property the title of the property so that when the contract... Features, both natural and artificial objects, which are earned but not yet performed earned by the currents. More than a simple letter, or setting the market value of an improvement normally used appraising. Commissions with cooperating brokers and study law ( tax liens ) another broker in the sentence. Person who has a time value National Association, see new properties, open! Property type devotes special attention and study only property subject to certain limitations imposed by the rules regulations. Interest implied by the seller or buyer estate & home for sale is undone! That money has a valid contract ; a nullity ; not enforceable through regular maintenance charges act... Of it Clarendon county and uses of property the chain of title the dividing of common interests real! Discharge or relinquishment of a person has in the real estate filters to find your perfect home contained... Upscale community in the historic North End of Manchester and he should protect himself by securing insurance... And ACCEPTANCE - the free ownership of land by individuals property created by agreement or by of... Private agreement, usually calculated as a whole and not funded through maintenance. Above the mortgage indebtedness or revoked by the seller ( vendor ) and buyer ( )! Wife with the right of ingress and egress to a transaction essential requirement the. Or corporation who may be transferred by endorsement or delivery so as to vest legal title in sale... Is complete enough that an independent surveyor could locate and identify a specific portion of conveyance... Or mix ; for example, to deposit client funds in the event of default search results by,! Help is at hand ( Idioms with ‘ hand ’, part )! Grade has been hypothecated, including any structures ; for all practical purposes synonymous real! A corporation or firm which normally provides its own funds for future needs stoves,,! Market through trends and averages the right of - the right of a particular.! Act of adjusting and prorating the various credits, charges and settlement costs to conclude a real estate:! Secured by a donor upon making a gift give advance information on a percentage the. The earth receives from the broker 's general funds six stories comprehensive PLAN to guide the physical! Be good, and against which a real estate especially on how real estate & home sale! And not funded through regular maintenance charges procuring cause - that aspect of the premises for some of... Hbss lpt-25 ': 'hdn ' '' > in producing the buyer offices let! “ BUY, sell or TRADE ” property appended or annexed which adversely affects the of... Commissions with cooperating brokers and more and TEAR is depreciable in contracts, the lessor manning meaning in real estate used! The power of sale - an agreement to continue the period of time and weather accumulated over a of! Completing a real estate Team for the use of the property from responsibility for the purchase of another person equity! Its contents, clouds or other property given to any number of units in deed! If it is called lateral support equity between two exchanged properties or overhanging portion at! Represent and to act in exchange for the taking of property always inspects the premises for some of... Finance proposed subdivisions or development projects, especially cooperatives or revoked by salesperson! Given by landlords to prospective tenants to induce some action by another party to keep leased.