by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate and accounting, a Fiscal Year is a twelve month period used for financial reporting, budgeting, and tax purposes that does not necessarily coincide with the calendar year. It is established by a business or organization based on operational or...
by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate, a First Refusal Right, also known as a right of first refusal, gives a lessee the opportunity to purchase a property before the owner sells it to someone else. If the owner decides to sell and receives a legitimate offer from a third party, the lessee...
by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate finance, a First Trust Deed is a legal document that secures a loan by pledging real property as collateral and holds priority over all other trust deeds or voluntary liens against the property. Its superior position means it is paid first in the event...
by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate finance, a First Mortgage is a mortgage that has priority over all other voluntary liens on a property. This priority generally means that the first mortgage must be paid off before any subordinate mortgages or liens if the property is sold or...
by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate and commercial transactions, a Financing Statement is a document filed to give public notice that a secured party has a security interest in specified collateral. The filing helps establish the priority of the secured party’s claim and protects their...
by Ethan Atkinson | Feb 4, 2026 | F-J, PropertyPedia, Real Estate
In real estate, Fiduciary Duty refers to the legal obligation of an agent to act in the highest good faith on behalf of their principal. This duty requires the agent to place the principal’s interests above their own and to avoid gaining any advantage through...
