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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 had an est...
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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-ˈvə...
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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 covena...
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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 pa...
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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 res...
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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 of agricultural prop...
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Residential

Definition:   defined under Chapter 475, F.S., to mean four or fewer residential units, vacant land zoned for four or fewer residential units, or agricultural property of 10 acres or less Pronuncia...
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Resident

Definition:   for application and licensing purposes, a person who has resided in Florida  continuously for four calendar months or more within the preceding year Pronunciation:   \ˈre-zə-dənt\ Use...
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Reserve Requirements

Definition:   the amount of funds that an institution must hold in reserve against deposit liabilities Pronunciation:   \ri-ˈzərv\  \ri-ˈkwīr-mənt\ Used in a Sentence:    A change in reserve requir...