Franchise
Definition of "Franchise"
Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fee for such right. In addition, the francisee is typically required to use the franchiser's products. The franchisee usually receives other benefits from the franchiser such as advertising. Many real estate brokerages are franchisees.
Popular Real Estate Terms
A building having one house hold on the first floor and a second household on the second floor. ...
Court order whereby the bankrupt debtor is forgiven of this or her debts. Even though the debtor is no longer obligated for discharged debts, the bankruptcy remains in his credit report ...
Accruals make up the basis of the accrual accounting method together with deferrals. The accrual method definition explains how the company’s accountant makes modifications for gained ...
tenancy having no written lease or contract. A periodic tenancy can be on a month-to-month or week-t-week basis. ...
Amount charged for each unit of rental property. An example of a unit might be square footage of space or an apartment. ...
Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...
Inflation adjusted income relative to be a base period. For example, real rental income is adjusted for changing price levels. ...
fee to use a bridge or tunnel. Fee assessed to use someone else's property. ...
Room in a building used to collect solar heat. To provide for such collection, a room is generally constructed with a glass roof and walls. ...
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