- unlawful detainer
- An eviction lawsuit.
- usufruct
- The right to use property--or income from property--that is owned by another.
- usury
- Charging more than the rate of interest allowed by law.
- VA
- The Veterans Administration, a federal agency which guarantees loans made to qualified veterans on approved property.
- variable rate
- An interest rate that changes periodically in relation to an index. Payments may increase or decrease accordingly.
- variance
- An exception to a zoning ordinance, usually granted by a local government. For example, if you own an oddly shaped lot that could not accommodate a home in accordance with your city's setback requirement, you could apply at the appropriate office for a variance allowing you to build closer to a boundary line.
- vendee
- Purchaser.
- vendor
- Seller.
- view ordinance
- A law adopted by some cities or towns with desirable vistas--such as those in the mountains or overlooking the ocean--that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views.
- village acre
- A lot size used in the area to denote a 40,000 square foot parcel & lot sizes are often expressed in village acres or a fractions of village acres. The term was coined by developers who successfully lobbied for slighty smaller, minimum lot size requirements, in the cities' zoning regulations.
- virtual home tour
- Any method used to provide internet users with a graphical presentation of a home, or homes. Presentations may include web pages, java applets, streaming video, panoramic images and bubble views.
- void
- Having no legal force or effect; legally invalid.
- voidable
- A contract which appears valid and enforceable on the surface, but may be declared invalid by one of the parties, such as a contract entered into by a minor.
- waiver
- The intentional or voluntary relinquishment of a known claim or right.
- walk through
- (1) A Buyer's on-site inspection of the property being purchased, just prior to closing.
- (2) A detailed inspection of a new construction home, in which punch list and cosmetic items are addressed, prior to final acceptance.
- warranty deed
- A type of deed that contains express assurances about the legal validity of the title being transferred. See general warranty deed andspecial warranty deed.
- writ of execution
- A court order which authorizes and directs the proper officer of the court (usually the sheriff) to carry into effect the judgment or decree of the court.
- zero lot line
- A term generally used to describe the positioning of a structure on a lot so that one side rests directly on the lot's boundary line (no set back). Where allowed by zoning and/or deed restrictions, it is used for "patio homes".
- zoning
- Exercise of police power of city in regulating and controlling the character or use of property. Zoning laws divide cities into different areas according to use, from single-family residences to industrial plants. Zoning ordinances control the size, location, and use of buildings within these different areas.
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URL : http://www.anitamcqueen.com Desc : For all your real estate needs, specializing in hunting ground, farm, ranch, residential and commercial. Anita McQueen can help you with both buying and selling your properties, working a specialized radius around Wichita. Anita McQueen , Associate Broker , RE/MAX Realty Professionals, 10100 W. Maple, Wichita, Ks. 67209, countryspecialist@kanokla.net, Toll Free: 866-418-9525, Cell 620-727-5647, Mobile 800-862-3923, and Fax 316-616-3868