Gross Rent Multiplier (GRM)

Physical decline in a property's value caused from use, old age, and environmental factors. ...

Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...

A lessening in the inflation rate. This may occur during a recession when insufficient demand prevents sellers from passing on higher prices to prospective buyers of houses. See also ...

Edifice constructed on the to floor of a building usually occupying less than 1/2 the roof area. A penthouse is used for two purposes; one or more luxury apartments directly accessed by a ...

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% of rentals collected as compensation from the landlord to manage the property. If the ...

Judicial proceeding against the person rather than against the person's property. Seeks to have the individual perform the terms of a contract, provide a service, or repair a loss. In ...

Market price pf all the property prior to a condemnation proceeding. ...

The spouse's legal right, upon the death of his wife (or her husband), to a life estate in all lands she (or he) owned. ...

Ever since prehistoric times, surveying has been one of the most important acts conducted prior to the construction of any type of structure. If ever wondered what are the steps you need to ...

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Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

Have you ever experienced living in a coastal village? A place where the river estuary carries you through a variety of fauna and flora, leading to the heart of the town where distinct ...

Jobs in the Champion city are not scarce. The vast majority of the population, though, are white-collar workers, either working in IT or managing their own business. But Clermont has its ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

Boca Raton is a town located in Palm Beach County, South Florida with an estimated population of 99,224 according to the most recent United States census done in 2019. The city of Boca ...

The small suburban city of Pooler, Georgia is located 20 minutes away from its much larger Georgian sibling of Savannah. Its close proximity to this economical hub influenced Pooler’s ...