Sentences with phrase «against the principal property»

Not exact matches

Outside of some curmudgeons in commercial mortgage lending departments, few recognized that writing 5 - year mortgages with low principal amortization rates against long - lived commercial properties was a recipe for disaster.

This is because if the owner later decides to turn their PPOR into an investment property they are able to withdraw the cash from the offset account and claim all of the associated interest costs on their outstanding loan as a tax deduction (because the deductibility of interest costs are capped to the lowest principal balance the loan has ever been at whilst the property was a PPOR) whilst using the cash to offset against the new PPOR mortgage which is generating non tax - deductible interest.

TITLE SEARCH: Buyer shall be allowed until 6:00 p.m. on the 30th day of May, 2016 (Requisition Date) to examine the title to the property at his own expense and until the earlier of: (i) thirty days from the later of the Requisition Date or the date on which the conditions in this Agreement are fulfilled or otherwise waived or, (ii) five days prior to completion, to satisfy himself that there are no outstanding work orders or deficiency notices affecting the property that its present use (Mixed uses (not limited to) commercial, agricultural, outdoor, residential) may be lawfully continued and that the principal building may be insured against risk of fire...

Obtain clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals.

If there is a subsequent sale of the property and the licensee, who is the principal shareholder of ABC Mortgage Corporation which holds the mortgage registered against the property, is not providing trading services to the seller and buyer of the property and has no knowledge of the sale, that licensee would not be required to make disclosure in accordance with section 5 - 9 of the Rules.

If your property manager has failed to remit funds they collected that is a crime and you should file criminal charges against their principals with the court commissioner.