Real-estate Statement A legal document developed by a land surveyor that demonstrably illustrates the latest limits out-of a house therefore the area out of improvements towards the property in line with the fresh boundaries. While doing so, it could consist of a great surveyor’s view or concerns of these items.
REALTOR A registered signature of Canadian A residential property Organization (CREA). Real estate professionals commonly needed to be members of the regional board, yet not only estate professionals who was members of the regional a home panel are authorized to utilize new Real estate professional term.
Reckless Misrepresentation An incorrect otherwise mistaken declaration produced by one just who because they had no intent so you can mislead some body did not make the sensible procedures to ensure the brand new statement’s truthfulness or accuracy. A third party can get rely on the new misrepresentation so you’re able to his or their own possible or genuine detriment.
Reconciliation The process wherein a bona fide property appraiser evaluates, decides and selects away from among 2 or more choice results or indicators to arrive an individual respond to (we.age. last really worth estimate).
Amusement Arrangement A created offer inserted to your by the good condo company to let a holder to utilize recreational business maybe not situated on the average property otherwise low-citizens to utilize amusement business located on the popular possessions.
What’s more, it illustrates other problems affecting the house, eg legal rights-of-method, easements, encroachments, etc
Relaxation Condo A great condo that include products you to definitely owners and you may/or occupants go to occasionally due to the fact a sunday otherwise holiday destination.
Refinance The procedure which a debtor seeks to release an enthusiastic present financial to help you present an alternate that. Certain grounds one a debtor can get imagine refinancing a mortgage include acquiring a far greater rate, benefitting out of other home loan benefits, otherwise experiencing greatest services or deeper comfort.
Joined Size The floor room out-of an effective equipment in this a beneficial condo given that intricate from the Agenda off Device Products and you will Product Parts with the a beneficial Condominium Plan. Also the above surface space contained in the device, the new registered proportions may include multiple components, eg a basements, driveway, parking stall otherwise space for storing.
Rehabilitation The newest fix from a house to meet criteria versus changing the plan, means, otherwise types of a design. Inside the urban renewal, the brand new restoration in order to great condition out-of deteriorated formations, society, and you may public places. Community rehabilitation get continue so you’re able to street developments and also the supply of instance services because the areas and you can playgrounds.
Remainder Device During the a barely mixed condominium, an excellent unit that includes parts for usage of the product customers you to is actually belonging to this new condo agency who is accountable for its worry and you will maintenance.
Remediation Tips to attenuate contaminants so you’re able to an even that does not upset otherwise wreck the surroundings, peoples wellness or safeguards or assets.
The method generally speaking requires the borrower spending the existing home loan, and people legal states against the property and people appropriate payment penalties as a result of the early release
Remediation Certification An application delivered because of the Alberta Ecosystem and you may Areas so you can enable the remediation off contaminated property. A removal certification is intended to give promise you to definitely suitable steps were used to tidy up contamination. A remediation certification just relates to the particular aspects of pollution which had been remediated, perhaps not a complete possessions.
Remuneration Brand new compensation (elizabeth.gmission, merchandise, other experts) received from the brokerage to own services rendered so you can a party (e.g. customers, client). Look for and Settlement.
Lease The financial compensation paid off to help you a landlord on temporary have fun with and/otherwise career off a house of the a tenant. Get a hold of and additionally Property manager.
Leasing Contract A written arrangement between an owner (landlord) and you can an occupant significantly less than that your manager lets the fresh tenant the fresh new right out-of private utilization of the assets to possess a specified big date, rent and you may conditions. Look for together with Property online payday loans Rhode Island owner and you can Occupant.