Factor employed by real estate agents or appraisers to determine the change needed in operating income to obtain a desired rate of return. It is used to evaluate income-producing property. The factor is determined after considering the location of the property, rental, similar properties, and cost of maintaining.
Popular Real Estate Terms
The smallest lot area required for building under the municipal zoning code. For example, a municipal zoning code requires all building lots to have a minimum lot area of 1/4 of an acre in ...
Also called a like-kind exchange. An exchange in which tax benefits are available to real estate owners planning to sell their investment, rental, business or vacation real estate, and ...
Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...
As you would correctly presume, a dual contract shouldn’t exist at all. A genuine agreement is a legally-binding document. Once the participants sign a contract, the law forces them ...
The landing at the bottom and/or top of a stair case providing support for the structure. ...
Contracts: Awarding a contract to the bidder for the property with the best offer. Lease: To lease property to a lessee. ...
Arches, either roofed or open, mounted on a series of pillars to form a passageway or walkway. ...
In real estate, a buffer zone refers to an area of land that acts as a transitional space between two different types of land use or properties. It’s like a neutral ground that ...
The term collusion may make you think about colluding from the start, and you wouldn’t be far from the truth. The definition of collusion is a secret, non-competitive, and, at times, ...
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