Excess Incomerent | Real Estate Glossary

Definition of "Excess income(rent)"

Rental income received from property that exceeds the costs of owning and maintaining the property.

Reckless action without regard to life, limb, and/or property; for example, driving 100 miles per ho ...

Uncertainties associated with real property including lack of insurance coverage in the event of fir ...

Record of insurance policies sold to an individual. ...

Falsification of birth date by an applicant for a life or health insurance policy. If the company di ...

Refinancing that omits some of the standard risk control measures and is therefore quicker and less ...

Business entity providing water services in a particular locality. ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

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