Tax Free Exchange

In real estate and tax law, a tax free exchange is the trade or exchange of one real property for another without recognizing income tax on the gain at the time of the transaction. Instead of paying tax immediately, the gain is deferred under the provisions of Section...

Take Out Loan

In real estate finance, a take out loan is permanent or long term financing that replaces short term construction financing after a project has been completed. It is used to pay off the construction loan and provide stable repayment terms. Take out loans are typically...

Syndicate

In real estate investment, a syndicate is a partnership or organized group formed to participate in a real estate venture. It allows multiple investors to pool capital and share in the ownership and potential returns of a property or project. Syndicates may be...

Sweat Equity

In real estate, sweat equity refers to a program or arrangement in which a purchaser contributes labor or improvements to a property instead of paying all or part of the down payment or other acquisition costs. The value of the work performed is credited toward the...

Survivorship

In real estate law, survivorship is the acquisition of an interest in property by outliving another person who held an interest in that property. The surviving party succeeds to the deceased person’s share. Survivorship most commonly arises in forms of co ownership...

Survey

In real estate and land surveying, a survey is the process of measuring and mapping the boundaries of a parcel of land. It identifies the location, dimensions, and area of the property. A survey may also include information about topography, improvements, easements,...