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Popular Real Estate Glossary Terms
Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space. ...
Total assets minus liabilities. It is used by underwriters to evaluate the financial standing of applicants for surety bonds. ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Act of stealing. Coverage can be purchased under most property insurance policies such as the homeowners insurance policy. ...
Rate applied to risks with similar characteristics or to a specified class of risk. ...