Definition of "J factor"
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
Flood insurance is a type of home insurance created to protect a homeowner’s property against damages caused by floods. Flood insurance is typically not included in the regular ...
Same as term plat book: Listing of all of the plats of subdivided plots in a jurisdiction showing the location, boundaries, and plat owners. A plat book normally shows other improvements ...
Limitation or prohibition such as on what a tenant in an apartment may not do. Local laws may also restrict certain actions such as failing to use the property for gambling purposes. ...
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Nineteenth-century style home architecture featuring three dimensional ornamentation, made by hand using a chisel and gouge. ...
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