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Real Estate Definitions and Terminology - U
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U |
| under licence |
Early possession of the property before settlement with the permission of the vendor. This usually involves the payment of rent. |
| unencumbered |
Property free of liabilities, restrictions or encumbrances. |
| unsecured loan |
A loan that is not backed up by collateral. |
| utilities |
Private or public services such as gas, electricity, telephone, water, and sewer that are part of the development of the land. |
Note: We assume no liability resulting from any errors or omissions. In providing the preceding we've done our best to bring you accurate information. However, you should seek your own independent advice as to the accuracy of the information supplied.
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