Buying Home Vacation
Buying Home Vacation
Buying Home Vacation

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Real Estate Terms of the Day for Buying Home Vacation



RENT
Fixed periodic payment made by a tenant or occupant of property to the owner for the possession and use thereof, usually by prior agreement of the parties.

BUSINESS DAYS
Days of the week excluding Saturdays, Sundays, and holidays; normal working days.

CAPITAL GAIN
The taxable profit derived from the sale of a capital asset.

BONA FIDE
In good faith.

CONCESSIONS
Discounts given by landlords to prospective tenants to induce them to sign a lease.

WASTE
An improper use or abuse of property by one in possession of land, who holds less than the fee ownership, such as a tenant, life tenant, mortgagor, or vendee.

ALTERNATIVE DOCUMENTATION
A method of documenting a loan file that relies on information the borrower is likely to be able to provide instead of waiting on verification sent to third parties for confirmation of statements made in the application.

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