For the marketplace to work, everyone has to be playing by the same rules. That means, no special deals. A business contract for the sale of something is assumed to be willing buyer and willing seller, which means no pressure based on the relationship. The concept that rules is called the arms-length transaction..
https://www.thebalance.com/what-is-an-arms-length-transaction-398128
Abandonment will occur when a person with rights or interest in a property voluntarily surrenders that right or interest, either by physically abandoning the property or by demonstrating the intention to give up that right or interest.
http://myrealestatedictionary.com/
Reduction or decrease in the value or price of a property. Usually can be the result of the discovery of a negative fact about the property which decreases the value given the price originally agreed upon by the parties.
http://myrealestatedictionary.com/
Related to Arm's Length Transaction: Arm's length price. adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other.
http://legal-dictionary.thefreedictionary.com/Arm's+Length+Transaction
This definition of an arm's length transaction eliminates sale or lease contracts in which foreclosures or even short sales took place, or where sale/leasebacks, build-to-suit, corporate guarantees, or other unconventional financial characteristics were involved.
http://legal-dictionary.thefreedictionary.com/Arm's+Length+Transaction
What is an 'Adjustable-Rate Mortgage - ARM'. An adjustable-rate mortgage is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. Normally, the initial interest rate is fixed for a period of time, after which it resets periodically, often every year or even monthly.
http://www.investopedia.com/terms/a/arm.asp
The definition of Arms Length; in a real estate transaction is when both homebuyer and seller are attempting to get the best deal. If you want to know the definition of Arms Length in a real estate transaction, you have come to the right place. This is one of the hottest questions being asked in the housing market right now and we've dedicated a 3 minute video to answering the question on our Real Estate FAQ Page. The full answer is in the video, but a readers digest version of the answer to what is the definition of arms length is.
http://www.manausa.com/blog/arms-length-definition.html
Here's a good way to look at what an arms-length transaction means: Neither party should have an interest in the consequences of the transaction to the other party. The opposite of an arms-length transaction is called an arm-in-arm transaction. Nice phrase.
https://www.thebalance.com/what-is-an-arms-length-transaction-398128
ABSENTEE BIDDERS: A person or entity that does not attend the sale but submits, in advance, a written or oral bid that is the top price he or she will pay for a specific property. ABSENTEE OWNER: Property owner that resides elsewhere, leaving the tenants in control and occupying the said property.
http://myrealestatedictionary.com/
arm's length. adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other.
http://legal-dictionary.thefreedictionary.com/Arm's+Length+Transaction
what does arms length mean in real estate
An arm's Length; in a real estate transaction is when both homebuyer and seller are attempting to get the best deal.