Dictionary

Reversion

Definition:  the returning of property to a former owner or to a person who received the right to it when the former owner died Pronunciation:   \ri-ˈvər-zhən\ Used in a Sentence:   John...

Reverse Mortgage

Definition:   a form of mortgage that enables elderly homeowners to borrow against the equity in their homes so they can receive monthly payments to help meet living expenses Pronunciation: \ri-ˈvərs\   \ˈmȯr-gij\...

Restrictive Covenants

Definition:   conditions placed by developers that affect how the land can be used in an entire subdivision Pronunciation:  \ri-ˈstrik-tiv\  \ˈkəv-nənt\ Used in a Sentence:   The restrictive covenants in the development...

Restriction

Definition:   any device or action that controls or limits the use of real property Pronunciation:   \ri-ˈstrik-shən\ Used in a Sentence:   The deed restriction prohibited RV vehicles from being parked on...

Respondent

Definition:   a person who answers to an informal complaint proceeding prior to being adjudged innocent or being named as a defendant Pronunciation:   \ri-ˈspän-dənt\ Used in a Sentence:    The respondent...

Residential Sale

Definition:   the sale of improved residential property of four or fewer units , the sale of unimproved residential property intended for use as for or fewer units, or the sale...