Definition of "Tenancy"
- The period for which a tenant has the right of possession; It may be for a fixed period of several years, or a period tenancy, such as month to month.
- The right or interest to have real estate, whether by title or by rental.
Popular Real Estate Terms
Also called a like-kind exchange. An exchange in which tax benefits are available to real estate owners planning to sell their investment, rental, business or vacation real estate, and ...
The proprietary lease definition is the binding occupancy agreement between the cooperative corporation and the shareholder to possess a rental unit in a building using cooperative ...
Wood strip (molding) at the bottom of a baseboard. ...
New cost less accumulated depreciation to date. ...
The right to deviate from the use of land prescribed by an existing zoning ordinance. ...
Increase in the amount of money available for businesses and people to by real estate because of lower interest rates. Easy money stimulates spending on investment such as houses. See also ...
The process of changing, updating, and altering the appearance and structural characteristics of a building. For example, John remodels the kitchen in his home by replacing the cabinets, ...
Language commonly used in a fee simple title conveyance. The significance is whether the title is clear and can be passed on to the purchaser's estate including all heirs and those who may ...
Negative characteristics about real property which do not meet the needs of the usual occupant. Examples are inadequate lighting in the rooms and a one-car garage when a two-car garage is ...
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