Definition of "Lessor"
Owner of real property who gives another the right to use it in return for rental payments. The three types of leases for the lessor are the direct financing lease, the sales-type lease, and the operating lease.
Popular Real Estate Terms
Legal time restriction for prosecuting an improper act, or civil or criminal offense. Proceedings must be brought before the expiration date of the applicable federal, state, or local ...
The definition of Hypothecation in real estate is the use of one’s belongings as collateral for a loan. This practice assures the lender that, whether the borrower is able to pay or ...
The definition of a bedroom community, or commuter town in real estate is a unique type of community that merely uses their homes to sleep, while doing everything else offsite. In a bedroom ...
Expected market value of property if sold today. ...
Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership who is jointly and severally liable for ...
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, ...
A Bill of Sale is a formal document of the sale of goods or the transfer of title for personal property and chattel from one party to another. In sum, a bill of sale is a sort of receipt. ...
(1) Estimating all income and expenses for an accounting period. (2) Financial forecasting, planning, and controlling. It involves using a budget to set and accomplish short-term objectives ...
Interior building trim surrounding windows, doors, and baseboards. Interior trim is both decorative and functional. It comes in several different styles and serves to finish the adjoining ...
Comments for Lessor
How can I start real state business
Oct 14, 2020 22:50:02Hey, Vivek!
It is an admirable decision but not an easy one. Not much can be said in a few sentences here in the comment section since it is a vast subject. Just like anything, really, you start by planning. Real estate is a vast industry that covers many niches, and you need to figure out what you want to do, and if that particular thing works in the area targeted by your business. You need to do some market research beforehand, build your brand, and have an online presence. We also have an article that talks more in-depth about how you can manage your real estate business for success, so be sure to check it out. I hope this information was useful.
Oct 23, 2020 08:54:43Have a question or comment?
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