by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate appraisal, the principle of supply and demand states that market value is determined by the interaction of available properties and the demand for them. The balance between these forces influences price levels in the marketplace. As of the appraisal...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate appraisal, the principle of substitution states that the maximum value of a property is limited by the cost of acquiring an equally desirable substitute property. A buyer will not pay more for a property than the cost of obtaining a comparable...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and legal practice, subrogation is the substitution of one person or entity for another with respect to a legal right or obligation. The party stepping into the position of another acquires the same rights and remedies that the original party possessed....
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and legal usage, subordinate means to make one interest subject to, or lower in priority than, another interest. A subordinate interest is junior or inferior in rank. Subordination commonly applies to liens, mortgages, or lease interests. When an...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate law, a sublease is a lease agreement in which the tenant under an existing lease, known as the lessee, becomes the lessor to another party. The original lessee leases all or part of the property to a subtenant. Under a sublease, the original lease...
