Definition of "Wetlands"
Land located next to water that has and will continue to experience water damage. The land generally is not suitable to build a structure on. In some cases, federal or local government may take over the land to preserve it.
Popular Real Estate Terms
In taxation losses that can offset ordinary income. Assume john owns and operates an apartment house. Minor tenant damage to the property is used to offset rental income. ...
Person, such as the beneficiary of a deed, asking that he be informed if the property is foreclosed by someone else. ...
If you are a real estate investor and you come across this term, you might wind up wondering … What is the operating expense ratio? The operating expense ratio (OER) is a way for ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Founded in 1947 and located in Washington, DC, the NAREB has 7,500 members with 15 regional groups and 6 state groups. It offers certification programs for members of the real estate ...
Refinancing by a borrower in which the new interest rate takes into account the interest rate on the prior loan and prevailing current interest rate in the market. ...
The metaverse definition can be described as a digital environment that is simulated through the use of augmented reality (AR), virtual reality (VR), and blockchain technology, combined ...
Gift of real property as stipulated in a will. ...
In real estate, a buffer zone refers to an area of land that acts as a transitional space between two different types of land use or properties. It’s like a neutral ground that ...
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