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Terms & Definitions C-3

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Term
Definition
show Action by the landlord, that makes it impossible to remain and therefore effectively terminates the tenancy (as opposed to actual eviction).  
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Construction Mortgage   show
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Contract   show
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show See 'Installment Contract'.  
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Contribution   show
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show A mortgage that is not insured (F H A loan) or guaranteed (V A loan) by the federal government. Includes loans backed by Private Mortgage Companies (P M I).  
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Cooperative Ownership   show
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Corporeal   show
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Cost Approach   show
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Counter Offer   show
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Covenant Against Encumbrances   show
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show Promises made by the grantor in a warranty deed, that they will take any future action necessary to correct any title defects.  
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show Promises made by the grantor in a warranty deed, that the grantee will hold the property free from the claims of third parties.  
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Covenant of Right to Convey   show
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show Promises made by the grantor in a warranty deed, that they are in possession and hold title.  
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Covenant of Warranty   show
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show A road with an entry at one end and a circular turn around area at the other end.  
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show The right of the husband to share of his wife's estate at the time of her death. (In Mass, curtesy rights are one-third of the wife’s estate at the time of her death).  
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show The third party in law of agency between a principal, and an agent for whom some service is performed. When a seller (principal) hires a broker (agent) to sell a house; the buyer is the customer.  
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