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Real Estate Dictionary

If My Apartment Flooded What Are My Rights?

If your apartment floods, you are entitled to necessary repairs, a habitable living condition, and possibly temporary relocation, depending on local laws, and you should report the issue to your landlord and document everything.

April 16, 2024

What is Paladino Development Group?

Paladino Development Group, founded by Dave Paladino in 1997, is a real estate developer based in Omaha, Nebraska. The company focuses on developing both residential and commercial properties.

April 16, 2024

How to get your application fee waived for apartments

You can potentially get your apartment application fee waived by directly asking, taking advantage of promotions, negotiating during competitive market conditions, or applying during special events like open houses.

April 16, 2024

What are my rights if I rent a room in a house?

When renting a room, you have rights to privacy, habitability, and security, as well as protections against discrimination and improper eviction, all governed by your lease and local laws.

April 16, 2024

What is Assignment Arbitrage in Real Estate?

Assignment arbitrage involves an investor selling their right to buy a property, often before it's built, to another buyer at a higher price, profiting from the market's value increase without finalizing the purchase.

April 9, 2024

What is Master Leasing in Real Estate?

Master leasing is where an individual or entity rents a property to sublease it, acting as a landlord to earn income over their own lease payments, without owning the property.

April 9, 2024

What is a Safety Clause in Real Estate?

A safety clause ensures an agent earns their commission if a property sells to a buyer they introduced, even after the listing agreement expires.

April 9, 2024

What is Loan Contingency Removal in Real Estate?

Loan contingency removal is a step where the buyer waives their right to back out of a purchase agreement if they can't secure financing, committing more firmly to the transaction.

April 9, 2024

What is a "Sandwich Lease" in Real Estate?

A sandwich lease in real estate involves an individual leasing a property from the owner and then subleasing it to another tenant, positioning themselves in a dual role that carries both profit potential and risks, with specific legal considerations required.

April 9, 2024

What is Suburbanization?

Suburbanization is the process by which cities expand outward, leading to the development of residential and commercial areas on the outskirts, resulting in the growth of suburbs. This movement often reflects a desire for more spacious living conditions, lower housing costs, and a quieter environment away from the dense urban core.

April 8, 2024
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