by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate finance, a permanent mortgage is a long term loan placed on a property after construction has been completed. It is typically used to replace short term construction financing and generally has a term of ten years or more. Permanent mortgages are often...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate and construction, a performance bond is a bond provided by a builder or contractor to guarantee the completion of a construction project. It serves as financial assurance that the work will be performed in accordance with the contract terms. If the...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate transactions, a perfect escrow refers to an escrow that is complete and fully prepared to close. It exists when the escrow agent has received all required instruments, documents, and instructions necessary to carry out the transaction. With a perfect...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate, a percentage lease is a leasing arrangement most commonly used for retail properties in which rent is based in part on a percentage of the tenant’s gross or net sales. This structure aligns the interests of the landlord and tenant by linking rental...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate finance, a penalty is an extra payment or charge imposed on a borrower for deviating from the terms of the original loan agreement. It is most commonly assessed for being late in making a regularly scheduled payment. Penalties are intended to compensate...
