by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia, Real Estate
The breaking of a contractual obligation or duty, either by omission or commission. Breaching a contract is essentially doing something that goes against the contractual agreement, or not doing something that is must be done per the contract.
by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia
In a tax-deferred exchange (also called a 1031 exchange), boot is anything the investor receives that is not “like-kind” real estate. Boot is important because it is the part of the exchange that becomes taxable, even though the rest of the exchange may be...
by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia, Real Estate
Blockbusting is a practice in which unscrupulous real estate investors induce panic-selling of homes at prices below market value. Blockbusting was usually done by telling homeowners that their properties are going to decline in value significantly and suddenly due to...
by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia, Real Estate
A blanket mortgage is a single loan that is secured by more than one property at the same time. Instead of taking out a separate mortgage for each property, the borrower uses one mortgage to cover multiple properties. Basically, a blanket mortgage is a way to finance...
by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia, Real Estate
A bill of sale is a legal document that records the transfer of ownership of personal property (not real estate) from a seller to a buyer. It shows that the seller has given the item to the buyer in exchange for payment or another agreed-upon value. Remember that...
by Ethan Atkinson | Jan 20, 2026 | A-E, PropertyPedia, Real Estate
A beneficiary usually refers to a party who is entitled to the benefit of a trust. That is, if one party puts property into a trust to be held for someone else, that “someone else” is the beneficiary of the trust. Note that when a trust deed is used in...
