Residual Technique
Definition of "Residual technique"
Valuation method for land or improvements to property. It takes into account gross rentals less operating expenses.
Popular Real Estate Terms
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Charge assessed a mortgagor by the mortgagee when assuming a pre-existing mortgage. The assumption fee is often included in the closing costs when purchasing property. ...
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Created by law usually for the right to travel to landlocked parcel of land ...
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Where something of value is kept in a secured place. An example is important real estate document and/or money kept in a bank vault. Ceiling or roof designed as an arch. ...
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