The Real Estate
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Institutional Lenders
In real estate finance, Institutional Lenders are organizations that provide loan funds rather than individuals. These lenders typically include banks, savings and loan associations, credit unions, insurance companies, pension funds, and mortgage companies....
Installment Sales Contract
In real estate, an Installment Sales Contract is an agreement in which the buyer agrees to purchase property by making periodic payments to the seller over time, rather than paying the full purchase price at closing. The buyer typically receives possession of the...
Installment Note
In real estate finance, an Installment Note is a promissory note that requires the borrower to repay a loan through a series of scheduled periodic payments. Each payment typically includes both principal and interest and continues until the loan balance is fully paid....
Injunction
In real estate and legal proceedings, an Injunction is a court order that directs a person or party to stop or refrain from performing a specific act. It is issued when the court determines that the action would be unfair, harmful, or unjust to the rights of another...
Indexing
In real estate finance, Indexing refers to adjusting a mortgage’s interest rate, payment amount, or loan terms based on changes in an established economic index. Common indexes include measures of inflation or published interest rate benchmarks. Indexing is most often...
Independent Contractor
In real estate and legal contexts, an Independent Contractor is a person who performs services for another while retaining control over how the work is completed. Unlike an employee, an independent contractor determines the methods and means used to achieve the final...
Indemnity Agreement
In real estate and legal contexts, an Indemnity Agreement is a contract in which one party agrees to compensate another for losses that may arise from a specified contingency. The party providing the indemnity promises to reimburse the other party up to a stated limit...
Increment
In real estate, an Increment refers to an increase in value, most commonly the rise in land value that occurs as a result of population growth, economic expansion, and increasing wealth within a community. This increase is often driven by external factors rather than...
Incompetent
In real estate and legal contexts, an Incompetent is a person who lacks the mental capacity to manage their own affairs or property. This may be due to factors such as age, illness, mental weakness, or other conditions that impair judgment and decision making, even if...
Income Property
In real estate, an Income Property is property that generates revenue, most commonly through rental income. Examples include apartment buildings, office buildings, retail centers, and other properties held for investment purposes. The value of income property is often...