Definition of "Hangout"
That portion of a loan collaterized by a leased property extending beyond the expiration date of the lease. For example, a lending institution collaterizes a 20-year loan on a commercial property being leased by a major department store for 15-years. It is estimated the $50,000 portion of the loan remaining after the lease expires will be more than covered by the value of property.
Popular Real Estate Terms
An arm’s-length transaction is a business deal, or transaction where the seller and buyer act independently of each other without influence on the other party. What sets these types ...
Expenditures incurred building a structure, including material and labor. ...
That’s the name of the study a Real Estate Broker presents to home sellers when trying to turn them into clients. In it, by making a comparison with the available houses in the market ...
Low level of land positioned between mountains or hills. ...
Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...
Property held by an individual, such as furniture. ...
To acquit, exonerate, absolve, or discredit allegations. ...
Brick wall where a space or cavity is left between the inner and outer walls and is usually filled with insulation. ...
Title granted to those having expertise in valuing homes by the American Institute of Real Estate Appraisers. ...
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