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Property

Willing seller-willing buyer

In the world of finance, we often rely on certain assumptions for valuation purposes. One of these assumptions is that the owner of a property is willing to sell their interest in it. This means that we consider the property to be available for purchase, even if there isn't actually a buyer at the time of valuation. This assumption helps us determine the true value of the property.

Open market value

In the realm of finance, we often come across the term 'best price'. This refers to the highest amount that can be obtained for a property when it is sold under fair and unb...

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Absolute title

A mortgage deed grants the holder the power to demand full repayment of a debt, under specific conditions, before the scheduled due date. This clause, also known as an accel...

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Negotiation

A dialogue, either verbal or written, between multiple individuals with differing perspectives, with the goal of finding a mutual understanding. In finance, this often invol...

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Qualified Covenant

A legal document may include a restriction that restricts the rights of a person with an interest in the land. However, there is a possibility to remove this limitation if b...

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