Definition:

The legal form under which property is owned.

definition of entity for a hard money loan

Example:

The benefits and risks of owning real property may vary depending on the type of entity that is formed. Among the options are:

  • coproation
  • ‚Äčindividual ownership (see Tenancy entries)
  • joint venture
  • limited liability company (LLC)
  • limited partnership
  • partnership
  • real estate investment trust

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