Chapter 7

The definition of the price-to-rent ratio is very important for real estate investors. This ratio is a measurement for the affordability of a particular rental property and tells investors ...

Rental increment tied to sales or profit that is in addition to the flat rental fee. Assume a retail store in a mall is charged a base rental of $5,000 per month plus 2% of sales. If ...

Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the taxpayer than an itemized deduction because it reduces taxes on a dollar-for-dollar basis. ...

One who acts as a witness and fives written testimony under oath. ...

Clause at the beginning of a legislative statute explaining its purpose. A preamble neither confers or increases powers contained within a statute and is therefore not an essential element ...

Amount of money that must be charged or invested in the initial stage of a business transaction to demonstrate good faith as well as to help offset some expenses. For example, the customary ...

Contractual provision requiring apportionment. ...

Amount required to payoff the full balance of the mortgage today. The amount equals the principal balance plus any prepayment penalty. ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

Naples, Florida is a beautiful coastline destination with a population of about 22,000 people. This small and compact city offers it’s residents one of the quietest and most peaceful ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

Fort Myers is a city located in the southwest region of Florida. Also, the county seat of Lee County, Fort Myers holds a population of about 75,000 people. The city was named after Colonel ...

Officially known as the District of Columbia, Washington D.C. is the capital of the United States of America. The District of Columbia consists of three branches of government: Executive, ...

Everyone in your family thinks they know how to take pictures to sell your house, right? They say you shouldn’t spend money hiring a professional photographer since you are already ...

The quiet, sophisticated town of Bowie MD is nestled cozily between the US capital of Washington DC and Annapolis, Maryland. This town is known for many things, from its beautiful suburban ...

Say you are the proud Tenant of a home and you made the greatest deal ever – it’s in an awesome neighborhood, it has a sweet rent price and it came already fully furnished; ...