Ceiling Rate


Definition of "Ceiling rate"

Also called price control or rental control. A controlled or administered price that is set for property by a federal or local agency typically in extraordinary circumstances.

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

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Median

The midpoint in a range of numbers. For example, the median (middle value) of a house in Nassau County on Long island in New York is $150,000. By usin ...

Combed Plywood

Plywood whose surface is given parallel scratches or grooves in the manufacturing process. It provides, increased bond to adhesives, mortar, plaster, ...

Assumable Mortgage

Mortgage agreement permitting the loan liability to be transferred to a purchaser of the property with no change in its terms. However, if the mortgag ...

Option

The right to buy or sell an item at a specified price within a given period of time. If the right is not exercised after a specified time, the opti ...

International Architecture

A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constru ...

Voidable

Descriptive of a contract that may be annulled by a party to it due to some illegality, incompetence, or a clause to rescind it. ...

Popular Real Estate FAQ

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard insurance coverage for a residence and its contents. ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

What Is Commission?

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

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What happens when a property starts to depreciate? What is Disability Insurance? What is a basic policy? How big is an acre?