Real Estate Basics: Acronyms
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| ***M.A.R.I.A. - Fixture test | show 🗑
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| P.E.T.E. - Government Powers | show 🗑
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| **T.T.I.P. - Joint Tenancy | show 🗑
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| show | I prefer LOCC, think Law...
Competent.
Legal use.
Offer and acceptance.
Consideration.
I prefer LOCC, think Law...:must be lawful to start with,
Legal use
Offer & acceptance....someone willing to offer and get into contract
Competent party
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| S.T.U.D. - Elements of Value | show 🗑
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| show | Think "Don't catch A COLD"
Accountable.
Care and Skill.
Obedience.
Loyal.
Disclose all information.
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| show | Disposition.
Use.
Possession.
Exclusion.
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| show | Attention.
Action.
Interest.
Desire.
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| C.H.A.O. - Adverse Possession | show 🗑
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