Capital Improvement
Definition of "Capital improvement"
Costs incurred in connection with real property that increase its cost basis or worth, such as a new roof, an additional room, or paneling a room.
Popular Real Estate Terms
(1) Government seizes private property, but does not provide fair and reasonable compensation for it. (2) Property is seized and the owners rights abolished because of a legal violation. ...
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Tax concept whereby income not actually received is considered to be constructively received by a taxpayer and thus must be reported. ...
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Board behind steps or stair going upward. ...
Ownership by two or more persons that give the right to use the entire property. ...
Ambiguous contractual language that may result in an unsuspecting buyer of a real property incurring obligations or risks not clearly evident. ...
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