- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
A nonprofit association that manages the common areas of a planned unit development (PUD) or condominium project. In a condominium project, it has no ownership interest in the common elements. In a PUD project, it holds title to the common elements.
Industry:Real estate
A policy that provides protection for the lender in case of default and or which guarantees repayment of the loan if the borrower becomes disabled or dies.
Industry:Real estate
A calculation used to determine an individual's likelihood of being able to meet the obligations of a mortgage for a particular property. Takes into account the down payment, closing costs and on-going mortgage payments.
Industry:Real estate
Insurance from FHA to the lender against incurring a loss on account of the borrower's default.
Industry:Real estate
A type of insurance that covers repairs to specified parts of a house for a specific period of time. It is provided by the builder or property seller as a condition of the sale.
Industry:Real estate
A policy that fulfills the obligations of a mortgage when the policy holder dies.
Industry:Real estate
The percentage of gross monthly income that goes toward paying housing expenses.
Industry:Real estate
A legal doctrine that imposes a duty on the landlord to make the leased premises habitable and ready for occupancy and to continue to maintain them in a state of repair throughout the entire term of the lease.
Industry:Real estate
