Impact Fees at Real Estate Glossary

What is it? Fees collected from developers of new homes to pay for schools, parks and other facilities.

Real Estate Definition Added By: Robert

Send To Friends!

If you'd like to send the Impact Fees definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Impact Fees. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Mediation is A dispute-resolution process in which a neutral party works to resolve contract differences.

Real Estate Term Economic Rent is Currently referred to as market rent, it is the rental income that real estate can command in an open, competitive market at any given time, as contrasted with contract rent, or the income actually received under a lease agreement.

Real Estate Term Fannie Mae is The official name of the Federal National Mortgage Association, it is a congressionally chartered, shareholder-owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

Real Estate Term Accord And Satisfaction is The settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditors acceptance of the accord constitutes satisfaction of the debt.

Real Estate Term Combustion Gases is The gasses that are emitted from a flame upon the combustion of a flammable material.