Ordinary Loss
In taxation losses that can offset ordinary income. Assume john owns and operates an apartment house. Minor tenant damage to the property is used to offset rental income.
Popular Real Estate Terms
Will not meeting all the requirements of a valid will. ...
Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...
Expenditure paid to occupy property over a specified time period. ...
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
When we think of rural property or rural real estate, most of us think of farms, properties with large areas designated to agricultural land. That’s how rural communities generally ...
Real property located in an excellent area for its designated objective. An example is a restaurant situated near office buildings, on the main boulevard, so it is easy to see, and has ...
A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...
Expert in real estate who has an education in real estate appraisal as well as having significant professional experience. A recognized license may be obtained from the Member Appraisal ...
Legal responsibility for something. For example, an owner of commercial property (e.g., restaurant) is legally obligated for damages on that property (e.g., restaurant patron falls and ...
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