Tangible Asset
Definition of "Tangible asset"
one having physical existence and a life exceeding one year. It is not kept for resale in the ordinary course of business. An example is a building.
Popular Real Estate Terms
Average number of business days an office space is being used. ...
The definition of an absentee owner is a property owner who does not reside on the property. An absentee can be an individual or a corporation with legal ownership over a property ...
Same as term capitalization rate: Also called cap rate or income yield. A useful way to compute the rate of return on a real estate investment. It equals the net operating income (NOI) for ...
Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...
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New cost less accumulated depreciation to date. ...
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Expected market value of property if sold today. ...
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