Home Warranty

In real estate transactions, Home Warranty Insurance is a private insurance policy that protects a buyer against certain defects or failures in a home after purchase. Coverage typically includes major systems such as plumbing, electrical, and heating, and may extend...

Homestead Law

In real estate law, a Homestead refers to the primary dwelling of an individual or family, including the house and the surrounding land. It is generally considered the family’s principal residence. Many states provide homestead protections through statute, which...

Homeowners’ Insurance

In real estate, Homeowners’ Insurance is a type of property insurance that provides coverage for damage to a home as well as protection for personal belongings. It also typically includes personal liability coverage, which protects the homeowner against claims for...

Homeowners Association (HOA)

In real estate, a Homeowners’ Association (HOA) is an organization made up of property owners within a defined community, such as a subdivision, condominium, or planned development. The association is created to manage, maintain, and improve common areas and to help...

Holdover Tenant

In real estate law, a Holdover Tenant is a tenant who remains in possession of leased property after the lease term has expired. The tenant originally occupied the property lawfully but no longer has a current lease agreement. A landlord may choose to treat the...

Holding Period

In real estate and taxation, a Holding Period is the length of time a taxpayer owns an asset before selling or otherwise disposing of it. The Internal Revenue Service uses this period to determine whether any gain or loss is classified as short term or long term. The...