by Ethan Atkinson | Jun 17, 2026 | P-T, PropertyPedia
A peppercorn rent is a nominal or purely symbolic rent charged under a lease, usually when the parties wish to create a legally binding landlord–tenant relationship without requiring any meaningful rental payment. Historically, the term referred to an actual...
by Ethan Atkinson | Jun 17, 2026 | PropertyPedia, U-Z
Usufruct is a legal right that allows a person to use, possess, and derive benefits from property owned by another person, provided that the property’s essential character is preserved. Originating in Roman law, the concept separates the right of ownership from...
by Ethan Atkinson | Jun 17, 2026 | PropertyPedia, U-Z
One of the defining characteristics of a zombie title (or zombie foreclosure) is that the owner of the foreclosed home does not realize that they still own the property. Basically, the borrower whose property was foreclosed on assumes that the bank now owns their...
by Ethan Atkinson | Jun 7, 2026 | K-O, PropertyPedia
A noise easement is a legal agreement that grants permission for noise generated by a nearby activity, facility, or transportation source to affect a property. In real estate, noise easements are most commonly associated with airports, highways, railroads, military...
by Ethan Atkinson | Jun 7, 2026 | A-E, PropertyPedia
Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...
by Ethan Atkinson | Jun 7, 2026 | PropertyPedia, U-Z
Wet funding is a method of real estate loan closing in which all loan documents are signed, funds are disbursed, and the transaction is completed on the same day. Under this process, the lender provides the loan proceeds immediately after the borrower executes the...
