First User


Definition of "First user"

Tony Salerno
Tony Salerno Real Estate Two Inc.

Initial user of real estate property, such as the first tenant in a newly constructed apartment building or office building

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Popular Real Estate Terms

Monterey Architecture

A two-story house characterized by a balcony spanning the width of the second story. Monterey architecture was adopted from the early California Spani ...

Spec House

New homes built on speculation that a buyer will be found. They vary in price, size, and other features and can be found in various stages of construc ...

Shakeup

Sudden, drastic change in organization, direction, objectives, strategies, or functioning. It is often associated with a new owner who wants things hi ...

Breezeway

Covered walkway, open to the outside, connecting two parts of a building or two buildings. A breezeway protects pedestrians from the elements but prov ...

Strip Development

Construction of commercial property in a manner that enables each lessee or tenant to have access to the main strip or thoroughfare running through th ...

Net Long-term Gain

In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate ...

Popular Real Estate FAQ

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on the books\". Commonly, a buyer will be unsatisfied ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidation, or other factors. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...

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