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Real Estate Glossary

What does Grace Period mean?

Grace Period - In relation to mortgage payments, a grace period refers to a set period of time after a payment is due during which a borrower can make their payment without incurring a late fee. The grace period is typically between 10 and 15 days, during which time the lender will not charge the borrower a late fee if they make their payment.

Additional Principal Payment

Alkaline Soil

Bargain Sale

Base Building

Collection

Competent

Deep-Seal Floor Drain

Deferred Maintenance

Estimated Total Costs of Renting

Letter of Intent

Low-Down-Payment Loan

Mechanic's Lien

Occupancy Cost

Property Line

Resale Value

Shared-Equity Transaction

Tax Sale

Trading Down

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Artur

Real Estate Assistant