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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Estate Tax

Tax paid to the government or state upon the death of the taxpayer based on his or her net worth. Th ...

Vacancy

Circumstance where no people or contents occupy or are kept in a building for at least 60 consecutiv ...

Underimprovement

An improvement to property that is below the standard, usual expectation. An example is when a con ...

Financial Intermediaries

Same as term financial institutions: Institutions acting as intermediaries between suppliers and use ...

Turnover Rate

Frequency with which employees resign, are fired, or retire from a company, usually computed as the ...

1040

Yearly tax return filed by an individual or couple. It is due to the federal taxing authority on Apr ...

Related Real Estate FAQ

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

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

What is Hazard Insurance? Mortgage Loan Types What Must I Disclose When Selling My Home? Why Right Now is a Good Time for Millennials to Buy a Home What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What is homeowners association (HOA)? What is a closing? What is the difference between a real estate broker and a real estate agent? What are the benefits of Commercial Auto Insurance?