What is stud in real estate?
The acronym STUD is used as a memory aid to keep the 4 elements of value in mind. They are scarcity, transferability, utility and demand. Scarcity has to do with the supply of real estate available. The scarcer the supply of real estate available, the more valuable the property.
What does LB mean in real estate?
BARGAIN AND SALE DEED — Any deed that recites a consideration and purports to convey the real estate; a bargain and sale deed with a covenant against the grantor’s act is one in which the grantor warrants that grantor has done nothing to harm or cloud the title.
What does Nacho mean in real estate?
Acronym. Definition. NACHO. National Association of Condo Hotel Owners.
Is shelving considered a fixture?
Lights, wall scones, shelving units, ceiling fans, etc. fall under the fixture category by this definition. Any item which has become an integral part of the house is a fixture.
What are the five tests of a fixture?
Every state has its own guidelines for what is considered a fixture, and you should consult your real estate agent if you are unsure. Method of attachment, adaptability, intention, the relationship between the parties, and any agreements help determine whether something is a fixture.
What does CND mean in real estate?
California REALTORS® are fortunate in this regard. A “Confidentiality and Non-Disclosure Agreement” (form CND) was prepared by the legal department of CAR (California Association of REALTORS®) and has been available in the zipForms®library since November of 2012.
What does testing mean in real estate?
Testing refers to the use of individuals who – without any bona fide intent to rent or purchase housing, purchase a mortgage or vehicle loan, or patronize a place of public accommodation – pose as prospective renters, borrowers, or patrons for the purpose of gathering information.
What is the bundle of rights of real estate?
The term “bundle of rights” describes the set of legal rights associated with ownership of real property. The “bundle” is made up of five different rights: the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.