Welcome back to RealtyMyths weekly word wizard! Here are some real estate terms that you should know.
Condotel: A condotel is a condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned.
Contingency Clause: A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid.
Conveyance: Conveyance is the act of transferring an ownership interest in property from one party to another.
Curb Appeal: Curb appeal is a term used to describe the general attractiveness of a house or other piece of property from the sidewalk to a prospective buyer.