The transfer of a lease by the tenant (assignor) to another person (assignee). Leases are generally transferable at common law, although restrictions may apply.
A land trust is a legal arrangement in which a trustee or trustor holds the title or ownership of real property on behalf of a beneficiary, providing an efficient way to manage, develop, and preserve property interests.
A zoning map is a vital tool in urban planning and real estate management that depicts the zoning designations of different areas within a local jurisdiction. These maps guide property owners, developers, and policymakers in understanding the permissible land uses and coordinating development activities.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.