The cancellation or annulment of a transaction or contract by law or by mutual consent.
Reservation
Uncertainty about something. An appointment. A stipulation in a deed, which gives the grantor some, retained right in the property.
Reserve fund
Account containing money that is set aside to provide funds for anticipated costs needed to maintain a building. Homeowner's association money saved for improvements or repairs.
Reserve price
The established amount, in an auction, below which the seller is not obligated to accept a bid.
Reservoir
A water collection and storage system. Also refers to a container holding any fluid used by a mechanism.
Reshores
Temporary support used to brace concrete after the initial forms are removed.
Residence
The dwelling where someone resides on a permanent basis.
Resident manager
Person who assumes responsibilities for supervising the operation of the apartments in a building, such as repairs and showing of vacant apartments, while living in one.
