Property Report A legal file developed by an area surveyor that clearly depicts new limitations out-of a house together with venue of improvements into the house in line with the new borders. Simultaneously, it might include an effective surveyor’s advice otherwise questions off these things.

REALTOR A registered trademark of your own Canadian A house Association (CREA). Real estate professionals commonly necessary to end up being people in their regional board, but not only real property experts who try people in its local a residential property panel is subscribed to utilize the new Agent title.

Reckless Misrepresentation An incorrect or mistaken statement produced by one which because they didn’t come with intention so you’re able to misguide anyone didn’t make the practical steps to confirm the latest statement’s truthfulness or accuracy. A 3rd party can get have confidence in the misrepresentation so you can his otherwise their own potential otherwise real hindrance.

Reconciliation The procedure which a bona fide house appraiser evaluates, chooses and you can chooses out-of among two or more option conclusions otherwise evidence to reach one respond to (i.age. latest really worth estimate).

Entertainment Agreement A created offer registered towards the of the good condo enterprise so that a manager to use amusement place not found on the typical property or low-customers to use leisure organization found on the common assets.

Additionally illustrates other issues impacting the house or property, like liberties-of-means, easements, encroachments, etcetera

Entertainment Condo An effective condominium that includes equipment you to definitely customers and/otherwise residents see periodically since a week-end or destination.

Refinance The process where a debtor tries to discharge an existing home loan to help you present a separate one to. Specific factors that a borrower will get envision mortgage refinancing are obtaining a better speed, benefitting off some other mortgage benefits, or feeling top service otherwise deeper convenience.

Joined Size The ground space out of a great product inside a good condominium as the in depth from the Agenda of Tool Points and you can Device Section into an excellent Condo Package. And the a lot more than ground place contained in the unit, the fresh entered dimensions range from many different elements, such as for instance a basements, garage, parking stands otherwise space for storing.

Rehabilitation The latest repair out-of a property to meet up standards instead modifying the master plan, setting, otherwise sorts of a structure. In the urban restoration, the newest repair to good condition of deteriorated structures, neighborhood, and you will public places. Neighborhood rehab get stretch so you can path improvements therefore the provision regarding such features since areas and playgrounds.

Remainder Equipment For the a barely mixed condo, a beneficial unit detailed with parts for usage by the tool people one to try belonging to this new condo corporation that is accountable for their proper care and you can repair.

Remediation Tips to minimize contamination so you’re able to an even that does not impair otherwise destroy environmental surroundings, individual health otherwise cover otherwise assets.

The process usually involves the borrower paying out current mortgage, including people court claims resistant to the property and people appropriate payout penalties due to the early discharge

Remediation Certificate A program put from the Alberta Ecosystem and you can Areas to help you enable the remediation out of contaminated assets. A remediation certificate is intended to promote warranty you to suitable steps were utilized so you can clean pollution. A remediation certificate simply applies to the specific regions of contaminants which had been remediated, not a whole possessions.

Remuneration The brand new settlement (elizabeth.gmission, gifts, almost every other advantages) gotten by broker getting qualities made in order to a party (e.grams. consumer, client). Select and Payment.

Rent The brand new monetary compensation reduced to a property manager towards the short term fool around with and you may/or profession from a residential Delta installment loans property by the a tenant. Discover plus Property manager.

Rental Agreement A written arrangement between a manager (landlord) and a tenant below that your proprietor allows brand new occupant the best regarding personal use of the property getting a selected date, rent and you will terminology. Pick together with Landlord and you can Occupant.