Understanding Mortgage Principal: From Historical Context to Modern Applications
Understanding the process, importance, and details of transferring a mortgage from a seller to a buyer.
Debt obligations that represent a claim on the cash flow from a pool of mortgage loans. Learn about their history, types, significance, and more.
A comprehensive guide on the mortgagee clause, its historical context, types, key events, importance, applicability, examples, related terms, comparisons, and more.
NAR (National Association of REALTORS®) is the largest trade association in the United States, committed to representing professionals in the real estate industry.
NAV represents the total value of a fund's assets minus its liabilities, often used to ascertain the per-share value of REIT’s real estate holdings.
Negative Equity occurs when the value of an asset falls below the amount of the loan taken out against it, often seen in residential properties during economic downturns.
An in-depth exploration of Net Leaseable Area (NLA), its significance in real estate, and its detailed explanations and applications.
Understanding Net Operating Income (NOI), its importance in real estate, calculation methods, and practical applications.
A comprehensive exploration of non-cancelable leases, including their types, historical context, importance in finance, relevant formulas, examples, and frequently asked questions.
Non-Judicial Foreclosure is a foreclosure process that does not require court approval and is more prevalent in Title-Theory States. This entry covers its definition, processes, types, applicability, and related terms.
An in-depth look at non-primary residences, their types, examples, and implications in real estate, taxes, and regulations.
Non-Qualified Mortgages (Non-QM) offer flexible loan terms for borrowers who do not meet Qualified Mortgage criteria, featuring higher DTI ratios and interest-only periods. These loans are evaluated on a case-by-case basis.
A comprehensive exploration of occupancy, its definition, types, measurement, and relevance in various fields such as real estate, hospitality, and economics.
A comprehensive look into pre- and post-closing occupancy arrangements, covering historical context, types, key events, and detailed explanations.
Comprehensive Definition and Insights on Office Space, Its Types, Importance, and Usage in Modern Business Environments
An irrevocable election made by a landlord to charge value added tax (VAT) on exempt supplies of buildings (rents), enabling the reclamation of input VAT against output tax charged on rents.
Grants the holder the right to buy assets at predetermined terms, distinct from the Right of First Refusal which requires matching third-party offers.
Ordinary repair refers to routine maintenance activities that aim to keep the property in good condition without significantly increasing its value. These are regular upkeep actions necessary to preserve the fully functional status of a property.
Comprehensive overview of 'Ouster,' highlighting its legal definition, types, implications, and historical context.
Properties that the owner uses as their primary residence, distinguishing them from investment properties.
An in-depth look at owner-occupied housing, its types, historical context, importance, and more.
A comprehensive article on Panhandle Lots, detailing their definition, historical context, types, key events, detailed explanations, and more.
The act of releasing part of the property from the mortgage lien under agreed conditions.
A comprehensive look at party walls, including historical context, types, key events, importance, legal considerations, and related terms.
Detailed exploration of passive activities, including types, key events, mathematical models, relevance, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, expressions, jargon, and FAQs.
Pending Home Sales represent agreements in real estate transactions that have been signed but not yet finalized. This article delves into the concept, providing historical context, types, key events, and more.
A detailed explanation of Periodic Tenancy, a rental agreement that continues for successive periods until terminated by either party. Learn about its characteristics, types, and related terms.
Comprehensive Insight Into Permanent Fixtures in Real Estate: Definitions, Examples, Legal Considerations, and Impact on Property Transactions
Physical Depreciation refers to the natural wear and tear on a property over time, with a focus on the exclusion of external factors like obsolescence or market environment.
Physical obsolescence refers to the inevitable deterioration of an asset due to wear and tear, aging, and physical decline over time, impacting its value and utility.
PMI is an additional insurance required for conventional loans when a down payment is less than 20%.
An in-depth exploration of Pre-Approval Letters, a preliminary estimate from lenders of the loan amount a borrower might qualify for.
Pre-Sales Commitment refers to legally binding agreements to purchase or lease units within a property development project before its completion. It is a crucial factor often necessary for securing take-out loans.
The main loan secured against a home, having the first priority in case of default. This entry explores its types, special considerations, examples, historical context, applicability, comparisons, related terms, and FAQs.
Explore the Primary Mortgage Market where mortgages are originated between borrowers and lenders. Understand the key players, processes, and significance in the real estate and finance sectors.
Prime Mortgages are loans offered to borrowers with high creditworthiness, characterized by favorable terms such as lower interest rates and flexible repayment options.
Individual appointments scheduled for prospective buyers to view a property in a private, one-on-one setting.
A comprehensive guide to understanding Propcos, entities that own, manage, and lease real estate assets, detailing their functionalities, types, historical context, and applicability.
An encyclopedic entry covering the concept of property, including historical context, types, key events, detailed explanations, mathematical models, charts, applicability, examples, and more.
An in-depth guide on Property Companies, their historical context, types, key events, importance, applicability, and more.
An in-depth analysis of property companies, including their roles, types, historical context, key events, and much more.
An in-depth look at property income, including its definition, types, key events, formulas, examples, and significance.
Comprehensive coverage on property income, including historical context, key events, categories, formulas, and practical examples.
Property Investment Certificates (PINC) provide a means for individuals to own a share in property value and income.
An in-depth exploration of Property Law, the area of law that governs various forms of ownership and tenancy in real property.
A comprehensive overview of what a Property Manager does, their types, special considerations, historical context, applicability, and comparisons with related roles.
An extensive overview of the property market, including its historical context, categories, key events, models, importance, applicability, and related terms.
An in-depth exploration of property tax, including its historical context, types, key events, detailed explanations, mathematical models, importance, applicability, examples, and more.
Property Tax Assessment is the systematic procedure of determining the market value of a property for the purpose of levying property taxes. This process is essential for local government revenue.
An overview of property tax exemption, specifically focusing on provisions for widowed individuals, its types, historical context, and applicability.
Property taxes are levied by the government on property owners and are a crucial aspect of real estate taxation. Learn about their history, types, key events, calculations, and impact on the economy.
A comprehensive exploration of prorated share, its applications, and implications in various fields such as finance, real estate, and accounting.
A comprehensive guide on the Public Land Survey System (PLSS), exploring its historical context, types, key events, detailed explanations, and applicability in the United States land management.
A comprehensive look at Purchase Agreement, its components, significance, and common usage in business and real estate transactions.
Explore Qualified Rehabilitation Expenditures (QRE), the critical expenses related to the preservation and rehabilitation of historic structures, qualifying for specific tax credits aimed at preserving cultural heritage.
A document provided by lenders that outlines the mortgage rates offered to borrowers, encompassing various loan products and interest rates.
A comprehensive exploration of rateable value, including historical context, types, key events, mathematical formulas, importance, applicability, examples, and related terms.
Rateable Value (RV) is a key concept in real estate and property taxation. It provides an estimate of a property's open market rental value, playing a crucial role in determining property taxes.
Real Estate Appraisal is the practice of developing an opinion of value for real property.
A detailed examination of real estate contracts, their components, historical context, types, importance, and application in the real estate industry.
The periodic rise and fall of real estate markets over time, typically comprising expansion, peak, contraction, and trough.
A comprehensive guide on Real Estate Investment Trusts (REITs) including historical context, types, key events, detailed explanations, and related terms.
An in-depth guide on Real Estate Limited Partnerships (RELP), their historical context, types, key events, detailed explanations, mathematical models, charts, importance, examples, considerations, and more.
Real Estate Management involves broader responsibilities such as acquiring, financing, and disposing of real estate properties, encompassing both operational and strategic aspects.
A comprehensive guide on Realtors®: who they are, their roles, historical context, key events, importance, and applicability in real estate.
Understanding the Role of a REALTOR® in the Real Estate Industry
Regulation X, as part of the Real Estate Settlement Procedures Act (RESPA), mandates disclosures related to real estate transactions, enhancing transparency in closing costs and preventing kickbacks.
A company that owns, operates, or finances income-producing real estate.
A comprehensive overview of Real Estate Investment Trusts (REITs), including historical context, types, key events, detailed explanations, and practical examples.
An in-depth exploration of the Release of Mortgage, its process, historical context, key events, and relevance in real estate and finance.
A comprehensive overview of the Release Provision clause in mortgages, defining its function, types, and implications in real estate.
A Real Estate Limited Partnership (RELP) is a business entity specifically established for investing in real estate. It involves direct investment in property with defined roles for general partners (GPs) and limited partners (LPs).
Comprehensive explanation of Remics (Real Estate Mortgage Investment Conduits), including their structure, tax considerations, types, history, and applicability in finance and real estate.
A Renewal Lease allows for the continuation of the primary lease agreement with revised terms, typically following the expiration of the original lease period.
A comprehensive guide to understanding the concept of rent, its historical context, types, key events, and detailed explanations along with models, importance, examples, and considerations.
Rent Day refers to a specific day on which tenants are required to pay their rent to the landlord or property owner. It is a crucial concept in real estate and property management.
An overview of the Rent-a-Room Scheme, its historical context, key details, and implications for individuals letting furnished accommodation in their main residence.
A comprehensive guide to Rent-Back Agreements, allowing sellers to stay in their property post-closing. Explore historical context, types, key events, models, examples, FAQs, and more.
Rental Income is the revenue earned by property owners from leasing their real estate to tenants. It plays a significant role in personal finance, real estate investment, and the economy.
A comprehensive guide on rental properties, including definitions, types, tax considerations, examples, and related terms.
An in-depth comparison between renters insurance and home insurance, their coverage, importance, and applicability.
An In-Depth Look at Rentership Rate, Its Importance in Real Estate and Economics, and Statistical Considerations
Comprehensive guide to Real Estate Owned (REO), including its historical context, types, key events, detailed explanations, and practical implications in the context of real estate and finance.
A comprehensive guide on Real Estate Owned (REO) properties, covering their historical context, types, key events, and detailed explanations.
An in-depth look into the Repeat-Sales Methodology, a technique used in real estate to estimate price indices by tracking sales prices of the same property over time.
Legislation aimed at providing clarity and transparency in real estate transactions.
An in-depth exploration of retail leases, including types, key events, mathematical models, examples, and much more.
Retail Space refers to the physical environments where retail transactions occur, including various types of retail stores, key events, and trends. It encompasses aspects of design, location, and economic impact on businesses and consumers.
A detailed description of Reverter, a legal concept specific to fee simple determinable estates.
An early opportunity to purchase before the property is offered to others. Unlike ROFR, ROFO requires the property owner to offer the right holder the opportunity to purchase before negotiating with third parties.
The Rule Against Perpetuities (RAP) is a legal doctrine designed to prevent the indefinite restriction of property transfer. It ensures that interests in property must vest, if at all, no later than 21 years after some life in being at the creation of the interest.
An in-depth overview of rural property, its uses, types, examples, and implications in various sectors.
The S&P/Case-Shiller Home Price Index is a leading indicator in the realm of real estate that measures the change in value of residential properties across the United States.
A transaction in which the owner of an asset sells it and immediately purchases back from the buyer the right to use the asset under a lease. The lease may be a finance lease or an operating lease.
A comprehensive account of the Sale Deed, its definition, types, considerations, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
A comprehensive guide to Sale Leaseback arrangements, their benefits, considerations, and applicability across various property types.
A comprehensive guide to the satisfaction of mortgage, emphasizing the lender's acknowledgment of repayment, historical context, key events, and much more.
An in-depth exploration of the Secondary Market Area, including historical context, key components, mathematical models, and real-world applications.
An in-depth look at secondary residences, including their historical context, types, legal considerations, and financial implications.
