vicarious liability

when 1 person responsible for actions of another

statute of limitations

lawsuit required to be filed within a specified time period


safe drinking water act

cash on cash

bottom line of investment% by dividing cash flow by deposit and settlement costs


building divided in at least 2 condominiums

capitalization rates

interest rate thats considered a reasonable return

proprietary lease

exclusive longer lease given in co-op


illegal mixing of $ held in trust

Regulation Z

requires lenders to make full disclosure of terms of loan

balloon mort

loan paid back with small payments in addition


covers loss of fire

Ad velorem tax

tax based on assessed value of property