Base Rent

Written statements about a person or business that are malicious, unfounded, and damaging. It is the basis for legal action. ...

A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defect in a water pipe is not immediately discovered, and it later results in a massive water ...

Major tenant, such as a nationally know department store, in a shopping center who determines the success or failure of the centers ability to attract shoppers and helps the secondary ...

Reconsideration of the value of real property. An example is getting property appraised each year to determine its current value for tax or purposes of determining whether to sell ...

material placed on the outside surface of a structure such as aluminum or vinyl siding on a house. It is cost-efficient because it eliminates the need for repeated painting. Siding provides ...

To sign and deliver an instrument, such as a deed. Conducting a transaction such as the purchase or sale of a real estate. ...

An estate limited absolutely to an owner and his or her heirs in perpetuity and without limitation, entitling the owner to all of the property involved as well as having unlimited ability ...

Branch of economics that applies the tools of economic reasoning to the analysis and solution of urban economic problems. ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

When you hear someone referring to a real estate agent type as a “general agent”, it might seem that someone is calling that agent “basic”, common. Right? But the ...

Wondering how do real estate agents get paid? We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...