Recognition Clause at Real Estate Glossary

What is it? A clause found in some blanket mortgages used to purchase a tract of land for subdivision development providing for protection of the rights of the ultimate buyers of individual lots in case of default by the developer. (See blanket mortgages)

Real Estate Definition Added By: Gabriella

Send To Friends!

If you'd like to send the Recognition Clause 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 Recognition Clause. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Misrepresentation is A false statement or concealment of a material fact made with the intention of inducing some action by another party.

Real Estate Term Survivorship is The right of surviving joint tenants to the ownership interest of another joint tenant upon the latters death. (See joint tenancy)

Real Estate Term Financial Management Rate Of Return (FMRR) is A multi-year analysis of rate of return. Used by investors in medium and large properties (occasionally on small properties). Multi-year cash flows and net sale proceeds are analyzed using discounted cash flow techniques to solve for the Financial Managem

Real Estate Term Negative Easement is An easement where the owner of a servient estate is prohibited from doing something on his or her estate that is otherwise lawful, because it will affect the dominant estate. (See easement)

Real Estate Term Title Defects is An unresolved claim against the ownership of property, which prevents presentation of a marketable title. Such claims may arise from failure of the owners spouse or former partner to sign a deed, current liens against the property or an interruption in t