Vacancy Rate
Percentage of rental property that is unoccupied. For example, a vacancy rate of 25% means that 25% of the rental unites are nor being used. Idle space can cause a significant cash drain to the landlord who is not receiving cash inflows to offset the cash outflows of maintaining the property. An office building, shopping center, or hotel must have a minimum occupancy rate to break even.
Popular Real Estate Terms
Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to ...
Restoring real property to an improved state. The restoration is usually needed because the property's condition has worsened. ...
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Deed that states "love and affection" as the consideration for the gifted real estate. ...
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Any written evidence or tangible material which can be reproduced as written material which is coherent and related to the subject at hand. This includes documents, contracts, inscriptions ...
See assumption of mortgage; deed of trust. ...
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