Thursday, May 16, 2024, 11:42 PM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
S
STEERINGDirecting prospective buyers or tenants into or away from certain areas on illegal discrimination grounds. |
STEP-UP LEASEA lease with fixed increases at stated intervals, or increases based upon periodic appraisals at stated times; graduated lease; graded lease. |
STRAIGHT LEASEThe type of rental arrangement requiring rent payments of fixed amounts made at specific intervals through the lease's duration. |
STRAIGHT LINE DEPRECIATIONSetting aside or allowing a fixed sum of money each year to offset replacement or improvements when needed. |
STRAIGHT LOANA note on which interest only is paid during the term of the loan. When the loan expires, the entire sum of principal is due. |
STRAW MANOne who purchases property for another to conceal the identity of the real purchaser; a dummy purchaser. |
SUBDIVIDINGThe process of apportioning a parcel of land into individual lots. |
SUBDIVISION REGULATIONSThe governmental regulation of the ways in which subdivided property must be planned and completed. |
SUBLEASEA lease given by a lessee for a portion of the unexpired balance of his term, or one given for a portion of the leased premises. |
SUBORDINATION CLAUSEA clause in a mortgage or lease stating that the rights of the holder shall be secondary or subordinate to a subsequent encumbrance. |