Maintenance Fee
Periodic expenditures undertaken to preserve or retain a property's operational status for its originally intended use. These expenditures do not improve or extend the life of the property. It is an expense, which is distinguished from capital improvements which are capitalized. Examples are the cost of fixing a sprinkler system or painting wall.
Popular Real Estate Terms
Taxable profit or loss arising from a sale. It is reported in the income statement. ...
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(1) The difference between future value and present value of a payment. (2) A reduction in the amount due for early payment. (3) Discount loan. (4) Taking into account all available good ...
Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a return exceeding the after-tax cost of borrowing. ...
Covering studs on the outside. ...
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