Defeasance clause
A clause used in leases or mortgages that cancels a specified right on the occurrence of a certain condition, such as cancellation of a mortgage on repayment of the mortgage loan.
More Real Estate Definitons
VerifsBus DuctCloud on titleFee TailJettyJumbo LoansTraffic DensityRotundaURARHeating SystemOptionorKilovoltUplandsLoan PolicyDemandX-BracingHeelKerfZoning MapYieldPayeeEscrow OfficerJudicial ReviewKelp-ShoreFixed ExpensesTransformerQualified FeeEDASeptic TankQuarter SectionKey TenantQuasi ContractVent PipeRanchJoint NoteShelter BeltLeadEquity SkimmingEvaluationJumbo Va LoanDepositionKickbacks