Puffing

In real estate practice, puffing refers to statements of opinion or exaggeration that are intended to promote or enhance the perceived value of a property. These statements are not presented as representations of fact. Puffing is generally considered permissible...

Public Records

In real estate law, public records are official records maintained by government agencies that provide information relating to land and property interests. By law, these records impart constructive notice of matters affecting title or use of real property. Public...

Public Housing

In real estate and housing policy, public housing refers to residential developments that are owned, operated, or subsidized by government entities. These projects are typically intended to provide safe and affordable housing for low income individuals and families....

Prospectus

In real estate and investment practice, a prospectus is a written brochure or document prepared to provide prospective investors with detailed information about an investment offering. It outlines the essential facts needed to evaluate the opportunity. A prospectus...

Proration

In real estate transactions, proration is the process of dividing expenses and income related to property ownership between the buyer and seller. Items commonly prorated include property taxes, insurance premiums, rent, and similar charges. Proration is calculated...

Property

In real estate and legal usage, property refers to everything that is capable of being owned and lawfully acquired. It encompasses not only the physical object itself but also the rights associated with ownership. These rights include the ability to use, possess,...