What Does In Contract Mean On Streeteasy
On Streeteasy, ‘In Contract’ indicates that a property listing is under an accepted purchase agreement but has not yet closed, signifying it’s moving toward finalization.
Real Estate
What Does Capped Mean In Real Estate
In real estate, ‘capped’ refers to a limit or ceiling placed on an increase in property value, rental rates, or loan amounts over a specified period.
What Does Cash Only Mean When Buying A House
Cash only in house buying refers to purchasing a property using only cash, without involving mortgage financing or loans.
What Does Part Exchange Mean When Buying A House
Part exchange in house buying refers to the process where a seller trades their existing property for another, allowing both parties to complete the transaction without separate negotiations on cash prices.
What Does Move In Ready Mean
The term ‘move in ready’ describes a property that is prepared for immediate occupancy by a new tenant, with all essential systems and finishes completed.
What Does Parcel Number Mean
A parcel number is a unique identifier assigned to a piece of land or property for administrative, tax, and legal purposes.
What Does Rent Abatement Mean
Rent abatement refers to a temporary reduction or suspension of rent payments, often granted by landlords to tenants under specific conditions such as economic hardship or public health crises.
What Does Undeveloped Land Mean
Undeveloped land refers to parcels of real estate that have not been altered or improved for residential, commercial, or industrial use. It remains in its natural state, offering potential for future development.
What Does Active Under Contract Mean
Active under contract indicates that a party has agreed to terms but formal execution or completion is pending, commonly used in real estate and business contexts.
What Does Deeded Lake Access Mean
Deeded lake access refers to a legal right, conveyed through a deed, that grants an individual or entity explicit ownership of land adjacent to a lake, often including the privilege to use a shoreline for recreational purposes such as boating or fishing.