Offset Statement


Definition of "Offset statement"

An occupant's expressed interest in property that is being rented. An example is a tenant who rents a house and expresses a desire to buy it after the lease expires.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Second Lien

Lien which is over and above a first lien. A second lien is subordinate to the first lien and can be satisfied only after the initial lien is satisfi ...

Floating Interest Rate

Interest rate on a loan that varies periodically based on some related measure. If interest rates are currently high and a prospective buyer of a home ...

Builder Breakdown Method

See quantity survey method. ...

Standard Depth

Depth of land used as standard to appraise its value. An example is 100 feet used for residential land. ...

Simple Interest

Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with com ...

Occupancy

Residing in or using real estate. An example is a tenant in an office building. ...

Popular Real Estate FAQ

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the interest rate. ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising water. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation How Does The Home Loan Underwriting Process Work? 3 tips to ensure your sale goes through Top Things to Budget for When Rehabbing a Flip House 10 Real Estate Tips for Homebuyers

FAQ

What is a contingency? What is a private Mortgage? What is an origination fee? What is a CD? What are the benefits of Business Owners Insurance?