An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage interest and principal payments. Also called an equity kicker, a kicker allows the mortgagee to participate in income from the mortgagor. For example, an individual buys an office condominium from a corporation selling the office unit. the corporation agrees to provide the purchaser with a mortgage if a kicker is included whereby the corporation would receive 10% of all the business profits the purchaser would earn.
Popular Real Estate Terms
A method of brick construction where the bricks are laid with their sides facing outward. ...
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Individual making the payments in a mortgage or pledging a mortgage or property. ...
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Type of a real estate investment trust whose investment money is used for the purchase of a portfolio of specific properties to be managed in order to generate investment return through ...
Geographic location where a vacant or occupied structure exists. It usually means the land reserved is for a future building. ...
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