VALID CONTACT
Legally binding
VARIANCE Variance is an administrative exception by a local zoning commission or authority to allow a non-conforming use of a property to continue in order to compensate for a deficiency in a real property which would prevent the property from complying with the zoning regulation. Variances are required in the United States in order to prevent a regulatory taking.
VOIDABLE CONTRACT A contract that may be treated as legally unenforceable at the option of a party but remains enforceable until that party exercises her option. It may be rejected by either of the parties.
VOLUNTARY ALIENATION The conveyance of title to an asset by use of a deed with the consent of the owner.
VOLUNTARY LIEN A lien that is recorded/registered with the consent of, or as a result of, the voluntary act of the owner. Most commonly, a mortgage or deed of trust.
VARIANCE Variance is an administrative exception by a local zoning commission or authority to allow a non-conforming use of a property to continue in order to compensate for a deficiency in a real property which would prevent the property from complying with the zoning regulation. Variances are required in the United States in order to prevent a regulatory taking.
VOIDABLE CONTRACT A contract that may be treated as legally unenforceable at the option of a party but remains enforceable until that party exercises her option. It may be rejected by either of the parties.
VOLUNTARY ALIENATION The conveyance of title to an asset by use of a deed with the consent of the owner.
VOLUNTARY LIEN A lien that is recorded/registered with the consent of, or as a result of, the voluntary act of the owner. Most commonly, a mortgage or deed of trust.