Philippine properties

Archive for June, 2008

Realtor - Reservation

Saturday, June 14th, 2008
REALTOR. A licensed real estate broker who is an active member of any affiliated organization of the Philippine Association of Real ... more ]

Quiet Enjoyment - Quitclaim Deed

Saturday, June 14th, 2008
QUIET ENJOYMENT. The right of a property7 owner to enjoy his property without interference.QUIET TITLE. A court ... more ]

Partnership - Purchase Money Mortgage

Saturday, June 14th, 2008
PARTNERSHIP. A contract of two or more persons to unite their property, labor and/or in the conduct of some ... more ]

Obsolescence - Open Listing

Saturday, June 14th, 2008
OBSOLESCENCE. Loss in value due to reduced desirability and usefulness of a structure because its design and construction have become obsolete, ... more ]

Negotiable - Notice To Quit

Saturday, June 14th, 2008
NEGOTIABLE. Capable of being negotiated. Assignable or transferable in the ordinary course of business.NET LEASE. When the ... more ]

Marginal Land - Mortgagee in Possession

Saturday, June 14th, 2008
MARGINAL LAND. Land which barely pays the cost of working on or using it.MARKETABLE TITLE. A merchantable ... more ]

Latches - Littoral

Saturday, June 14th, 2008
LACHES. Unreasonable delay or negligence in asserting one's legal rights which serves to bar those rights.LAND. The ... more ]

Key Lot

Saturday, June 14th, 2008
KEY-LOT. A lot adjoining a comer, at right angle to it and fronting an intersecting street.

Joint Note - Judgement

Saturday, June 14th, 2008
JOINT NOTE. A note signed by two or more persons who have equal liability for payment.JOINT TENANCY. ... more ]

Incompetent - Irrevocable

Saturday, June 14th, 2008
INCOMPETENT. Not capable; Any insane person, or though not insane, is by reason of old age, disease, weakness of mind or ... more ]
 


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