Relocation

Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Industry: Business services

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Relocation

common lands

Business services; Relocation

The land, roadways, recreational facilities, and building sections owned jointly, most often encountered in condominium ownership or planned unit developments (PUD).

commitment fee

Business services; Relocation

Any fee paid by a potential borrower to a lender for the lender’s promise to lend money at a specified rate and within a given time.

collateral

Business services; Relocation

Property pledged as security for a debt, such as the real estate pledged as security for a mortgage.

collect on delivery (COD)

Business services; Relocation

Transportation for a private shipper for which payment is required at the time of delivery at the destination residence (or warehouse).

cloud on title

Business services; Relocation

An outstanding claim or encumbrance, which, if valid, would affect or impair the owner’s title.

closing date

Business services; Relocation

The date on which ownership of a property is transferred to a buyer and closing costs are paid.

closing costs

Business services; Relocation

Any fees or charges paid by the borrowers or sellers during the closing of a real estate sale. Typical buyer's expenses- documentary stamps on notes, recording deed and mortgage, escrow fees, ...