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
Scale drawing or diagram illustrating the proposed use of a land plat property. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...
Exterior wall not supporting a load, mostly found in office buildings. ...
See building permit. ...
Licensed real estate broker who has a listing of property for sale. ...
Barring an act. It may occur when an individual has improperly acted resulting in an unfair advantage over another party. ...
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