Halifax Nova Scotia Real Estate Glossary O
(Obligatory - On-Site Improvements)
| A3 | A4 | B1
| B2 | B3 | C1
| C2 | C3 | D1
| D2 | E1 | E2
| F1 | F2 | F3
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
The legal requirement of a debtor, obligor, to pay a debt and the legal
right of a creditor, obligee, to demand satisfaction of a debt or enforce
payment in the event of default.
The person to whom a debt or obligation is owed.
Blockage. A clog. Something that prevents passage or operation.
Residing in or using real estate.
An expression of willingness to purchase a property at a specified price;
presenting for acceptance a price for a property parcel; the bid price
in a real estate or security transaction.
Offer and Acceptance
These two requirements of a contract forming mutual consent combined
with valuable consideration are the major elements of a contract.
Offer To Purchase
A proposal to buy property at a specified price whereupon the seller
has the options of accepting or rejecting the offer or making a counteroffer.
One who receives an offer.
One who extends an offer to another.
The units are used as commercial offices.
Directly enhancing the physical nature of the property such as renovating
a building, installing a new driveway and parking lot and gardening.