by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate and property law, condemnation is the legal process by which a government or authorized public entity takes private property for public use without the owner’s consent, provided that just compensation is paid. This power arises from the government’s...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In finance and real estate lending, compound interest refers to interest that is calculated not only on the original principal amount of a loan or investment but also on the accumulated and unpaid interest that has accrued over time. As interest is added to the...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In legal and real estate contexts, competent refers to an individual who is legally qualified and capable of performing a particular act or entering into a binding agreement. Competency generally requires that a person have the legal capacity to understand the nature...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a comparative market analysis (CMA) is the process of evaluating a property’s market value by comparing it to similar properties that have recently sold, are currently listed, or failed to sell in the same area. Note that a CMA is not an appraisal, and...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate appraisal and valuation, comparables, often called comparable sales, are properties with similar characteristics that have recently sold and are used to help determine the market value of a specific property. Comparables are selected based on factors...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate and marital property law, community property refers to property acquired by either spouse, or both spouses together, during the course of a marriage, except for property that qualifies as separate property. Each spouse holds an equal, undivided...
