by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate law, a special warranty deed is a deed in which the grantor warrants title only against defects or claims that arose during the grantor’s period of ownership. It does not provide protection against defects that existed before the grantor acquired the...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and contract law, specific performance is a legal remedy that compels a party to perform the exact terms of a contract rather than paying monetary damages. It is used when money alone is not sufficient to compensate for a breach. Because real property...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate law, a special assessment is a charge imposed by a public authority against real property to pay for public improvements that directly benefit the property. These improvements may include streets, sidewalks, sewers, or other infrastructure projects. A...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate finance, simple interest is interest that is calculated solely on the principal amount of a loan. It does not take into account previously accrued interest. Simple interest is commonly used in many loan calculations and is distinguished from compound...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate, a short term lease is a general classification for a lease agreement with a relatively brief duration. In some states, this term refers to leases of less than five years, while in others it may apply to leases of less than ten years. Short term leases...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and tax law, a short term capital gain is the profit realized from the sale of a capital asset that was not held for the minimum period required to qualify as a long term capital gain. The holding period is defined by tax law and may vary depending on...
