Information about the real estate market

Friday, December 18, 2009

Dictionary of real estate terms

PRE-CONTRACT - the convention by which one party or both parties are obliged to conclude a contract in the future whose content is essentially determined at present. It is therefore an agreement will advance perfecting other contract, agreement covers undertaking to do, that to perfect the contract promised then, in conditions previously agreed by the agreement.

LAW OF RIGHTS - real property right, accessory, perpetual and indivisible break up the property, giving the owner or certain powers strictly limited to the work of others.

RIGHT SUPERFICIE - real right that consists of the ownership is a person called superficiar the construction, plantations and other works found on land belonging to another person about whom superficiarul field acquires a right of use.

OWNERSHIP - as subjective, which express the legal ownership of a certain form of social work intro and allows individual collective legal entities or state or its organs (central or local) to possess or to use and dispose of that work or directly and directly through its own power in their own interest and directly or indirectly, the effect of putting their worth to the holders of real rights established on his main, and with respect to the existing legislation.

RIGHT MORTGAGE - real right accessory with an immovable object of the debtor or other person without dispossession, which gives mortgage lenders the right to pursue anyone jump into the possession of property that was also to be paid with priority over other creditors of the price that good.

RIGHT ABITATIE - right to use the object with a residential house. In principle, can not be transferred nor rented by exception holder or someone else can rent the house that no one lives.

DEBT LAW - Faculty creditor vicinity express legal obligation to seek debtor correlative obligation to give, to do or not do something.

PROPERTY BUILDING - one or more parcels annexed, belonging to the same owner.


DELIMITATION cadastral administrative-territorial unit - distinct from placing cadastral work in the administrative-territorial unit, consisting of the establishment by law of the committee, the entire route of the border crossing territorial-administrative unit, establishing the boundary characteristic points on the boundary line or limit and marking their built-terminal, determining their coordinates, preparing technical papers and documentation division.


CONTRACT life annuity - a contract with the effect that a person called credirentier, alienated property or pay a sum of money (called capital) to another person called debirentier, which require, in turn, made to the first one income support will money, called perpetuity, until its death.

AGREEMENT FOR DONATION - a solemn agreement, unilaterally and without payment by which one party, called the donor, he lowers the current and removed, with intent liberal, heritage or as a (real or claim), increasing the corresponding assets other party, called grantee, the same as, without seeking to receive something in return.

COMMISSION CONTRACT - contract under which an individual or company named commission is bound to another person (natural or legal) called the principal to sign some legal documents on their own behalf but on behalf of the latter, received for service remuneration called commission, percentage calculated from the transaction completed.

BODY SKETCH OF PROPERTY - graphic document that is made once the body Worksheet property at a scale, on which is recorded location data identifying the body and property, by use of plots, construction, and their vicinity .

No comments:

Post a Comment

 
Directory World Top Directories Tsection Web Directory
Work At Home | Free Traffic