Section 1250
Rule within the Internal Revenue Code applicable to capital gains from selling real estate that has been depreciated for tax purposes. Most buildings must be depreciated using the straight-line method.
Popular Real Estate Terms
Written enumeration of the desired selling prices associated with homes or office buildings for sale. The prospective buyer can then determine if the properties for sale are within his ...
Space reserved for specified vehicles. For example, an office building may have space available for automobiles of tenants, clients of tenants, and other visitors. Parking facilities may be ...
Same as term right of first refusal: Right of an individual to be offered something before it is offered to others. For example, a tenant whose apartment is going to be converted to a ...
Vertical window built through a sloping roof having its own gable and forming its own roofline. ...
Extended area of land commonly held for subdividing and development into residential units. ...
Use of a parcel of land that will produce the greatest current value. ...
Two or more parties agree to something. An example is when the two parties to a contract mutually agree to make certain revisions to it. ...
When the return on borrowed funds exceed the after-tax interest cost. It is profitably using other people's money. ...
Outside wall of a structure that is exposed to the weather. An exterior wall can also be a load bearing wall ...
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