Income Producing Property
Also called investment property. Real property held by a business for investment potential or in order to earn income by leasing or letting it, rather than for its own use.
Popular Real Estate Terms
Conifer wood, such as pine and redwood. ...
The time period a real estate investment is held. The return is tied to the time period of the investment. The period is used for income tax purpose to determine whether a profit earned or ...
Defect in the tax law that either may provide a loophole to minimize the tax payment or result in higher taxes than there should be. ...
The process of changing, updating, and altering the appearance and structural characteristics of a building. For example, John remodels the kitchen in his home by replacing the cabinets, ...
Limited partnership in which limited partners rely on the general partner to choose specific properties after the funds are available. ...
Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event. ...
person's behavior partly genetic and partly learned through experience over time. Some people have good personal traits while others have poor ones. ...
Same as term government rectangular survey: Way in which the U.S. government uses to subdivide public land. Land is designated as either a base line (East-West) or principal meridian line ...
Initial user of real estate property, such as the first tenant in a newly constructed apartment building or office building ...
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