Depreciable Real Estate (tax)

Original cost of property plus additional capital expenditures made to it less the accumulated depreciation. The realized gain or loss for tax purposes is the difference between the ...

Used to rectify errors made in a previous deed. Such errors can include incorrect spelling of a name, inaccurate property description, or an improper execution. It is often referred to as ...

Person's sole ownership of real property. ...

Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term. ...

What does viz. mean? The meaning of viz. derives from the Latin word videlicet which is translated into English as namely, that is, which is, as follows. You may encounter it in legal ...

Formal allegations by all of the parties to an action including complaints, answers, and replies to counterclaims. ...

A contractual clause where one party assumes a liability risk for another. Thus, a hold harmless clause effectively indemnifies the named party from any liability by transferring the risk ...

Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from ...

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

With its strategic position in the center of one of the fastest-growing regions in the United States. Northwestern Arkansas is home to three of the largest retail companies in the country, ...

Since real estate is one of the most valuable assets on Earth, architects and builders have to comply with a number of building codes, depending on the size and destination of their ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

Wondering what is the best noise pollution definition? You can understand both words but they seem weird together, right? Is the noise pollution definition something like noises that are ...

Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable. However, this is ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest rate can increase or decrease over the life of a loan. ...