Allotment


Definition of "Allotment"

Cathy Hunter
Cathy Hunter Coldwell Banker

Allocation of real estate made on some equitable basis to prospective.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Accelerated Depreciation

Method recognizing higher amounts of depreciation in the earlier years and lower amounts in the later years of a fixed asset's life. ...

Alluvial

Soil, sand, and gravel deposited result of flooding or tidal action. ...

Landscape Architect

Individual trained and qualified to develop landscaping designs using the most appropriate plants on a parcel of land to achieve a particular design e ...

Document Stamp

Tax imposed by some state and local governments to record into the public record property deeds and mortgages. ...

Fiscal Year

A 12-month period used by a real estate company or partnership to account for and report business operations. Typically, the fiscal year ends December ...

Depreciable Real Estate (tax)

Under current tax law, real estate is depreciated under either the straight-line method or modified accelerated cost recovery system (MACRS) method. ...

Popular Real Estate FAQ

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the interest rate. ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then sold. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

Should I Pay Points for a Lower Rate? What is an easement? What does Travel Insurance Typically Cover? What are paid advertorials? What is a housing ratio?