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Poliakoff: The Condominium Act states that, unless a lower number is provided in the bylaws, a quorum is a majority of the voting interests.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Constructive eviction is a circumstance where a tenant's use of the property is so significantly impeded by actions under the landlord's authority that the tenant has no alternative but to vacate the premises. [1] The doctrine applies when a landlord of real property has acted in a way that renders the property uninhabitable. Constructive ...
In United States law, a lis pendens (Latin for 'suit pending' [1]) is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office.
Both houses of the United States Congress have refused to seat new members based on Article I, Section 5 of the United States Constitution which states that: "Each House shall be the judge of the elections, returns and qualifications of its own members, and a majority of each shall constitute a quorum to do business; but a smaller number may adjourn from day to day, and may be authorized to ...
Entrance to the Paradise Village Grand Marina Villas, Nuevo Vallarta, Nayarit, Mexico A gated community (or walled community) is a form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences.
Quorum-busting, also known as a walkout, is a tactic that prevents a legislative body from attaining a quorum, and can be used by a minority group seeking to block the adoption of some measure they oppose. This generally only happens where the quorum is a super-majority, as quorums of a majority or less of the membership mean that the support ...
RESPA was created because various companies associated with the buying and selling of real estate, such as lenders, real estate agents, construction companies and title insurance companies were often engaging in providing undisclosed kickbacks to each other, inflating the costs of real estate transactions and obscuring price competition by ...