Texas Real Estate

A landlord allows a building to deteriorate to the point that the tenants are forced to leave

A lease where the landlord pays all the expenses of the property and the tenants pay only rent

The tenants pay rent plus some of the expenses of the property

Exclusive use of a property for a special number of days per year, with the privileges of ownership, but without the responsibility of sole or full ownership - interval ownership

Land and building owned by a corporation, occupied by shareholders in the corporation

The conveyance used to grant a co-op resident exclusive use of one of the units in the building

A residential, commercial or industrial complex with individual ownership of units and tenancy in common ownership of common areas

E&O - protection for agents in the case of innocent agency violations

One who purchases undeveloped property and divides it into lots for building

A shared wall - owners owe each other a duty of joint support - no action by one owner can harm the position of the other

One party buys a property with the intention to quickly transfer (flip) it to the ultimate buyer

Not easily converted to cash - the main disadvantage of real estate investment

Annually cultivated crops - personal property - ownership transferred by a bill of sale