Real Estate In Virginia Beach Virginia
Real Estate In Virginia Beach Virginia
Real Estate In Virginia Beach Virginia


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Real Estate Terms of the Day for Real Estate In Virginia Beach Virginia



STATUTE OF FRAUDS
That law which requires certain contracts to be in writing and signed by the party to be charged therewith in order to be legally enforceable.

VARIABLE RATE MORTGAGE
See Adjustable Rate Mortgage.

FLOOR AREA RATIO
The ratio of floor area to land area expressed as a percent or decimal, which is determined by dividing the total floor area on a zoning lot by the lot area.

CHATTEL
Personal property which is tangible and moveable.

NOTICE OF NONRESPONSIBILITY
A legal notice designed to relieve a property owner from responsibility for the cost of improvements ordered by another person.

LENDER
The bank, mortgage company, or mortgage broker offering the loan.



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