by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate law, a prior lien is a lien that has priority over other liens against the same property. It is considered senior or superior in rank, meaning it has the first claim on the property or its proceeds. The priority of a lien is typically determined by the...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate and agency law, the term principal has multiple meanings depending on context. One meaning refers to the person who grants authority to an agent or attorney to act on the person’s behalf. In real estate finance, principal also refers to the amount of a...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate leasing, a prime tenant is the principal or anchor tenant in an office building, shopping center, or similar commercial property. This tenant typically occupies a significant portion of the space and has strong credit or market presence. Prime tenants...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate finance and banking, the prime lending rate is the most favorable interest rate that a commercial bank charges its most creditworthy customers for short term loans. It serves as a benchmark for pricing various types of loans. Changes in the prime...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate and legal usage, prima facie is a Latin term meaning at first sight or on its face. It refers to evidence or a fact that is presumed to be true unless and until it is disproved. A prima facie showing is sufficient to establish a case or right in the...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate law, a prescriptive easement is an easement established by a court based on long continued use of another person’s land. It arises from the presumption that a valid easement was originally granted, even though no written easement exists. To qualify as a...
