Deferred Maintenance

Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...

Where property is sold to the highest bidder. ...

Method of accounting in which expenses are recorded when cash is paid and revenue is recorded when cash is received. The cash basis can be used for a service business. It can only be used ...

Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, declining markets may result from unfavorable business conditions and high interest rates. ...

Where the borrower may add to the principal without renegotiating the terms of the loan. Additional sums borrowed under the terms of an open-end loan will have the same rate of interest and ...

in masonry, the stones or bricks that are laid cross ways on a wall providing support to the horizontal stretcher bricks. The ends of the header bricks are visible in the wall. A beam ...

Part of a capital gain constituting tax benefits previously taken and taxed as ordinary income. ...

Rental agreement directly between the landlord and tenant. If the tenant then rents it out to another, it is referred to as a sublease. The relationship takes the following form: ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors of the home. ...

The capital of the nation. The home of the three branches of government. With Virginia and Maryland framing its borders, the city of Washington D.C. is home to over 700,000 people. With a ...

Of all the things that can make or break a city in terms of its livability, the single thing that takes the first spot is the cost of living. Gas prices, rent prices, utility costs, and ...

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

A very common real estate question is:Do Tiny Houses depreciate?Short answer is: yes, tiny houses do depreciate. But let’s explain the “why”s so we get to the bottom of ...

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A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...

The state of Maryland is rich in providing its residents with a variety in terms of climate, surroundings, and environment. Having both large cities with an urban feel to them as well as ...