Share This Post

RM Reports / RM Warehouse

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths Weekly Word Wizard! Here are the real estate terms for the week.

Accretion: An increase or addition to land by the deposit of sand or soil washed up naturally from a river, lake, or sea.

Actual eviction: The result of legal action originated by a lessor, by which a defaulted tenant is physically ousted from the rental property pursuant to a court order.

Air rights: The right to use the open space above one’s property. It can be sold to build a skywalk or for a utility company to erect power lines.

Alluvion: The actual soil increase resulting from accretion.

Share This Post

Leave a Reply

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.