Reserve Fund
Monies set aside in the event unexpected repairs are needed to a building or apartment. It may be in the form of an escrow account in which the seller of the property puts funds away if problems with the property emerge within three months after the buyer moves in.
Popular Real Estate Terms
Expected period of benefit used to depreciate business property, plant, and equipment. The guidelines may be developed by the industry or Internal Revenue Service (IRS). ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
Paneled brickwork between timber quarters, a framed wall, or partition. ...
Land subject to an easement. ...
"Gross Leasable Area" or GLA is more than just jargon. Understanding property value and potential income is super important, especially in commercial real estate. What does Gross Leasable ...
Within Real Estate, “nuisance” is a term used to describe any disturbance that might affect neighboring houses. Nuisance abatement is the enforcing of policies and codes that ...
Items of real and personal property that usually have a long life, such as housing and other real estate. ...
Structure that has the same blue print and design as all the other homes in a given development; the opposite of custom built. ...
principal line running north and south in the government rectangular survey method. Other meridians, each 24 miles apart, are surveyed from the principal meridian. ...
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