Guideline Lives


Definition of "Guideline lives"

Expected period of benefit used to depreciate business property, plant, and equipment. The guidelines may be developed by the industry or Internal Revenue Service (IRS).



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Simple Interest Mortgage

A mortgage on which interest is calculated daily based on the balance on the day of payment, rather ...

Interest Deduction

Interest deductible for taxes paid by the taxpayer. It is an itemized deduction on Form (individuals ...

Leasehold Profit Interest

Difference between the rent received by a lessee for the subletting property and the rent the lessee ...

State Rate

Standard property/casualty insurance premium set by a state rating bureau. States have responsibilit ...

Valuation Of Potential Property Loss

Risk management technique that evaluates property exposures preparatory to managing the risk. Althou ...

Air Rights

Rights to the use of open air space over property. ...

Related Real Estate FAQ

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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 clea ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Tax Breaks for the First Time Home Buyer 5 signs of house foundation problems How is Square Footage Determined?

FAQ

What is the difference between a real estate broker and a real estate agent? What is zoning? What is earnest money? What is a gift letter? What is flood insurance?