National Flood Insurance
Insurance based on the National Flood Insurance Program, enacted By Congress in 1968. The intent of this legislation is to provide insurance coverage for those people suffering real property losses as a result of floods. To encourage the buying property located in a flood plain area cannot be financed through a federally regulated lender unless flood insurance is purchased.
Popular Real Estate Terms
External top of a structure such as for an office building or house. ...
Section of the Internal Revenue Code applies to assets used in a trade or business,. In general, gains on section 1231 assets are taxed at capital gains rates, and losses are considered ...
Investments, usually in limited partnership, that can protect of defer shelter) part of the income from current taxes. Under current law, passive leases can be applied up to passive income. ...
Agreement by a lender to loan money to suitable borrowers within a given time period but without identifying those borrowers. ...
Possession and use of a property estate by virtue of a lease. There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance. ...
Failure or refusal to perform a specified action. The failure to fulfill contractually agreed upon terms or actions. Nonperformance creates a liability which can enable a judicial damage ...
Second layer of flooring material placed over the rough flooring or flooring planks in a structure. The finish floor is a polished floor often made oak or other hardwood materials. ...
Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...
Secondary demand created from a primary agent or facility. ...
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