Reappraisal Lease
Definition of "Reappraisal lease"
lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the property. For example, a commercial reappraisal lease provides that the rental terms can be adjusted every three years based on an independent property appraisal.
Popular Real Estate Terms
One of the most recurring real estate doubts is regarding what is a broker in comparison to what is a real estate agent. Well, it depends from state to state to tell exactly what a Broker ...
The right of local government to take property when no person are legally entitled to inherit or make claim to a deceased' property. ...
Percentage of royalties derived from an oil and gas lease payable to someone other than the property lessor. It is a net royalty interest in the oil and gas recovered at the surface free of ...
Distance from the location of natural ground and water to the actual ground level. ...
Activity usually performed by a governmental planning department that makes recommendations for zoning purposes of land utilization based upon demographic and commercial patterns. Land use ...
A Vanilla Shell - also known as a Vanilla box, white box or whiteboxing – is something very common in commercial real estate and growingly common in residential real estate. In many ...
Levy charged to use something such as water supplied by the town. ...
Insurance furnishes an important tool in satisfying the financial objectives of people or a business entity. The type and amount of insurance varies with age, property, rental income, and ...
Property deriving at least 75% of the income from personal residences. ...
Have a question or comment?
We're here to help.