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Residential

Residential locations are uses of lands for the purpose of housing rather than commercial industrial agricultural etc.

Contributors in Residential

Residential

right-of-way

Real estate; Residential

Path or route that may lawfully be used indicated on title at the Land Title Office, often for use of utilities, city or municipality on order to make repairs to pipes. No permanent structure may be ...

statement of adjustment

Real estate; Residential

Closing statements in real estate transactions which set out the sources of funds which make up the purchase price, adjustments to and from the purchase price, the final amount required from the ...

subject-to clause

Real estate; Residential

Statement of a condition to be fulfilled, either by the seller or the buyer, before the contract of purchase and sale will become firm and binding on both parties, which must include a specific ...

title search

Real estate; Residential

Detailed examination of ownership documents to ensure there are no liens or other encumbrances on the property, and no questions regarding the seller's ownership claim. Source: Vancouver Island Real ...

buy-down

Real estate; Residential

When the seller reduces the interest rate on a mortgage by paying the difference between the reduced rate and market rate directly to the lender or to the buyer. Source: Vancouver Island Real Estate ...

closing

Real estate; Residential

Real estate transaction completion, when the parties involved agree that all legal and financial obligations have been met and the deed to the property is transferred from the seller to the buyer. ...

Condominium common property

Real estate; Residential

Portions of a condominium development owned in common, or shared, by the unit owners, such as a swimming pool, exercise room, lobby. A strata fee is charged to the owner of every unit for the use of ...

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