Depreciable Life

Conversion of a rental apartment house to individual condominium ownership of a portion of the minimum ownership of a portion of the building. Often, the tenant is given an opportunity to ...

(1) Method of measurement lumber using the board foot cubic measure. The board measure is used to estimate quantities and prices of lumber materials. (2) Method of estimating lumber ...

Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued onto the surfaces of the doors ...

Amount charged for each unit of rental property. An example of a unit might be square footage of space or an apartment. ...

The grantee who is the tenant of a life estate. When the tenant dies, the estate goes back to the grantor. For example, President Eisenhower and his wife, Mamie, were life tenants of the ...

In real estate, Attractive Nuisance is how insurance companies classify something that is inherently dangerous and particularly enticing to children. A hazard located within a property that ...

The willingness of a lender to give a mortgage to a mortgagor. A mortgage commitment will give a time period the mortgage will be given and an indication of the interest rate to be charged ...

Involves more than one borrower being responsible for a mortgage, such as with a cooperative apartment. Involves more than one mortgagee lent on a real estate project, such as with a ...

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 ...

Central North Carolina is home to the Piedmont Triad region, where the city of High Point is located. With a population of 110,000 people and growing, the city extends into four counties, ...

Upper Marlboro is the seat of Prince George’s County, Maryland, with a population of about 700 people. Upper Marlboro is just 0.4 square miles and about 5% of that is water, making it ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

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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 ...

South Florida is one of the most beautiful and sought after places in the state and even in the world. Everyone has heard of Miami, and not many have the once in a lifetime opportunity to ...

Not only can one convert a warehouse into a home, but many people have been doing just that. Converting a warehouse into a loft living space is actually kind of a trend which started ...