by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Economic Life refers to the period during which an improvement on a property contributes value and can be operated profitably. It represents the time span in which the structure adds more value to the property than the cost of maintaining or operating...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, an Easement is a legal right to use or access the land of another for a specific purpose, without possessing or owning that land. Easements may be created by grant, reservation, agreement, prescription, or by necessary implication, and they allow...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Earnest Money is a deposit made by a buyer at the time an agreement of sale is signed to demonstrate good faith and serious intent to purchase the property. The funds are typically placed into an escrow account held by a neutral third party until the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate and contract law, Duress refers to unlawful pressure or constraint placed on a person that forces them to act against their free will. This pressure may involve threats, intimidation, or other improper conduct that deprives the person of the ability to...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate finance, a Due on Sale Clause is a provision in a mortgage or deed of trust that allows the lender to require immediate payment of the remaining loan balance if the property is sold or transferred. This clause prevents a borrower from transferring the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Dual Agency occurs when a single real estate agent or brokerage represents both the buyer and the seller in the same transaction. In this situation, the agent works with opposing principals at the same time and owes fiduciary duties to both parties....
