Depreciation Recapture

Act of obtaining land through condemnation. For example, when in interstate highway must be constructed, the land for the new road is obtained through takings. Usually, the government ...

Person leaving from work to spend time in leisure activities. pay in full the balance on a debt either at or before the maturity date. Penalties may be assessed on prepaying a mortgage. ...

Intent to deceive or never to carry out the provisions of an agreement. ...

Income (loss) resulting from the rental of real property in which the individual does not significantly participate. In most cases, passive losses may not be used to reduce active income. ...

In appraisal jargon, property currently being appraised. ...

Marketable title that is free of encumbrances and disputed interests. Clear title is essential in order to convey a general warranty deed in a transaction. ...

Way to acquire title to real estate when an occupant has been in actual, open, exclusive, and continuous occupancy of property for an extended period of time. ...

Beam, girder, or truss with the top portion being in the shape of a bow and the bottom portion being straight across and connecting both ends of the top portion. ...

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. ...

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

So, do real estate agents get paid hourly? – you ask. Listen, currently, it’s difficult to answer how do real estate agents get paid in the first place. There’s been ...

Are you worried about the constant speeding on your street and neighborhood and you wish to do something to stop it? Traffic calming is the name given to measure that seek to give an order ...

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

A limit on an adjustable-rate mortgage. ...

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

You came in here looking to find out what happens when a property starts to depreciate but the truth is that the question comes from a false premise because not all properties depreciate. ...