Real Estate Markets are very different and many things are handled differently from one state to another. We have assembled a glossary of the most common terms used in the Florida Real Estate Market to assist our American clients and the many international clients from Canada, United Kingdom and other countries across the world.

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Underwriting

The analysis of the extent of risk assumed by a lender in connection with a proposed mortgage loan.

 

Unenforceable

A contract that was valid when made but either cannot be proved or will not be upheld by a court.

 

Unilateral contract

An agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party

 

Universal agent

A representative authorized by the principal to perform all acts that the principal can personally perform and that may be lawfully delegated to another

 

Unliquidated damages

The amount of valuable consideration awarded by a court to an injured party as a result of default (See also Damages)

 

We hope you found the above links useful, and remember, if you have any questions regarding buying or selling your Florida Holiday Home or permanent residence in the Disney Orlando area please contact us - we look forward to your call.