Related Words

Form: Broadly speaking, the way a picture welds together; in a narrow sense, it is the way a shape has been rendered or seen.

Uniform Residential Landlord And Tenant Act (URLTA): A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases. A number of states have adopted all or parts of the URLTA, or . . . View Full Definition

Uniform Residential Loan Application: A loan application form required by Freddie Mac and Fannie Mae.

Uniform Settlement Statement: The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settle . . . View Full Definition

Urea-Formaldehyde: First used in building materials, particularly insulation, in the 1970s. Gases leak out of the urea-formaldehyde foam insulation (UFFI) as it hardens and become trapped in the interior of a . . . View Full Definition

Uniform Partnership Act (UPA): Most states have adopted the Uniform Partnership Act (UPA), which permits real estate to be held in the partnership name. The Uniform Limited Partnership Act (ULPA) has also been widely adop . . . View Full Definition

Suit For Specific Performance: If a seller breaches a real estate contract, the buyer may sue for specific performance. The buyer asks the court to force the seller to go through with the sale and convey the property as p . . . View Full Definition

Uniform Commercial Code: A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers. Security . . . View Full Definition

Uniform Condominium Act (UCA): Many states have adopted the Uniform Condominium Act (UCA). Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved . . . View Full Definition

1040 Form: The standard individual tax return form of the IRS.