Understanding Base Rent: The minimum rent due under a lease that may include percentage or participation requirements.
A detailed exploration of blanket mortgages, covering their definition, types, uses, special considerations, examples, historical context, and comparison with other mortgage types.
A Board of REALTORS® is a local association of real estate licensees who are members of the state and national associations of REALTORS®. It aims to advance the integrity, professionalism, and standards of the real estate practice.
An explanation of a Broker's Opinion of Value (BOV), its purpose, differences from appraisals, and its use in real estate transactions.
A comprehensive overview of brokerage covering the business activity of being a broker, types of brokerage, commissions, and more.
An in-depth exploration of brokerage allowance, a commission paid by the seller to the broker for arranging a sale, typically defined as a percentage of the selling price. This term often applies to transactions where the broker does not take possession of the goods sold.
Explore what a Budget Mortgage is, its components, advantages, and how it differs from other types of mortgages. Learn about the practical implications, historical context, and related financial terminology.
In real estate law, the Bundle-of-Rights Theory posits that ownership of realty implies a group of rights such as occupancy, use and enjoyment, and the right to sell, devise, give, or lease all or part of these rights.
A comprehensive overview of the role of a buyer's broker in real estate, including responsibilities, benefits, and the contractual aspects of their service.
Understanding the Capitalization Rate in Real Estate and Investments
A detailed analysis of Carrying Charges in commodities, real estate, retailing, and securities.
A comprehensive guide to the concept of 'Carve Out' in financial and real estate contexts, including explanations, examples, historical context, comparisons, and FAQs.
An in-depth look at the Case-Shiller/S&P Home Price Index, its methodology, application, and significance in understanding home price trends in various cities.
Cash equivalence represents the market value of an item if it were sold for cash. In real estate, it can differ from the stated selling price, considering discounts or interest rates on notes.
A detailed examination of the Cash-on-Cash Return method, which calculates yield by dividing annual dollar income by the total dollar invested. This entry also explores related measures such as Internal Rate of Return and Yield to Maturity.
An Overview of Caveat as a Warning or Caution in Various Contexts including Legal, Real Estate, and Consumer Transactions
A detailed explanation of Certified General Appraiser, its roles, responsibilities, and standards under state certification laws.
"Certified Historic Structure" denotes a building officially recognized for its historical significance and eligible for preservation incentives.
An extensive exploration of the chronological history of all conveyances and encumbrances affecting a land title.
A comprehensive guide to understanding the various fees and expenses associated with real estate closings, commonly referred to as closing costs.
The closing date in real estate is the date on which the seller delivers the deed and the buyer pays for the property. This pivotal moment marks the culmination of the real estate transaction, involving the transfer of title from seller to buyer.
A comprehensive definition of a closing statement, which accounts for funds from a real estate sale, provided separately to both the seller and the buyer.
A cloud on title refers to any matter appearing in the record of a title to real estate that on its face appears to reflect the existence of an outstanding claim or encumbrance that, if valid, would defeat or impair title but might be proven invalid by evidence outside the title record.
Co-Mortgagor: A person who signs a mortgage contract with another party, jointly obligated to repay the loan, often aiding in meeting loan requirements and sharing ownership in the property.
A commercial broker lists and sells commercial property, including shopping centers, office buildings, industrial facilities, and apartment projects.
Commercial property refers to real estate intended for use by businesses for retail, wholesale, office, hotel, service, manufacturing, or industrial purposes.
An in-depth look at comparables (comps) in real estate, which are properties similar to the one being sold or appraised. This article explores various facets, including adjustments and appraisals, providing a comprehensive understanding of the concept.
Composite Depreciation: This accounting method applies one depreciation rate to a group of assets, ensuring a simplified calculation of depreciation expenses. Commonly used in real estate where different components of a building have varying useful lives.
A detailed definition of 'concession' encompassing small shops, government-granted rights, lease incentives, and selling group compensation.
A comprehensive exploration of 'Condition' including its definitions in legal, real estate, and quality contexts.
An in-depth exploration of Conditional-Use Permits, also known as Special-Use Permits, including their purpose, types, and application in land-use planning.
An in-depth exploration of Constructive Notice and its implications in law, real estate, and general applications. Includes types, historical context, examples, and related terms.
A detailed description of a conventional mortgage, including its definition, types, special considerations, examples, historical context, applicability, comparisons, related terms, frequently asked questions, and references.
Detailed information about converters, entrepreneurs who change the ownership and physical configuration of property, their roles, and impact on the real estate market.
A land parcel that is bounded on at least two sides by the intersection of two roads.
A counteroffer is the rejection of an original offer to buy or sell with a simultaneous substitute offer, typically involving different terms such as price, financing arrangements, or other conditions.
Curable Depreciation refers to the type of depreciation in real estate appraisal that can be rectified at a cost less than the value it adds to the property. Learn more about the concept, applications, and distinctions between curable and incurable depreciation.
In common law, 'curtilage' refers to the land immediately surrounding a dwelling house. This article explores its importance, applicability, and historical context in legal frameworks.
An in-depth exploration of what constitutes a dealer in the context of securities, real estate, and other forms of commerce.
A comprehensive guide to deeds, including their function in conveying interest in real estate, various types, and related legal instruments.
A comprehensive guide to understanding Deed in Lieu of Foreclosure, its process, benefits, drawbacks, and legal considerations.
An in-depth exploration of defective titles, encompassing unmarketable ownership rights, land titles susceptible to partial or other ownership claims, and negotiable instruments obtained through fraud or illegal means.
Deferred maintenance in appraisal, a type of physical depreciation due to lack of normal upkeep.
Delivery involves the voluntary transfer of title or possession from one party to another, often requiring actual or constructive delivery to complete the transfer. Essential for real estate and other asset transactions.
A detailed examination of demised premises, referring to property, usually real estate, which is leased or rented out through a formal agreement.
Depreciation recapture refers to the process whereby gains from the sale of depreciated property are taxed as ordinary income specifically linked to the depreciation previously deducted.
A comprehensive coverage of the concept of 'Description,' including its general use and specific applications in real estate.
A descriptive memorandum serves as an offering circular for property or securities when a full prospectus is not required. It provides essential information to potential investors.
A developer transforms raw land into improved land in real estate, utilizing labor, capital, and entrepreneurial efforts. In computing, a developer writes application software.
A comprehensive overview of the term "devisee," its legal implications, nuances, and historical context.
A detailed examination of Direct-Reduction Mortgages, which require payments that cover both interest and principal, ensuring loan amortization over the loan's term.
A Required Statement Revealing Specified Information to Potential Buyers
A detailed explanation of a discount broker, including its services, comparison with full-service brokers, and relevance in stock markets and real estate.
Comprehensive overview of discount points, their purpose, and impact on loans including types, historical context, examples, and applicability in various scenarios.
A downpayment is the portion of the total cost of property or goods that is paid upfront in cash, reducing the amount of debt incurred.
Dual Agency is the situation in which a real estate agent represents more than one party to a transaction. It is accepted in most states with full disclosure, though many people do not consider it a good business practice because each party wants representation for his/her position.
A comprehensive guide to understanding the duplex, including its types, history, and applicability in real estate.
A comprehensive look into the concept of a dwelling, its types, historical context, and relevance in modern society.
An in-depth look at Earnest Money Deposit, its purpose in real estate transactions, how it works, comparisons, historical context, and FAQs.
An easement grants a limited right to use another's land for a special purpose, such as utility lines, without possessing the land.
A comprehensive overview of economic obsolescence, an external factor causing depreciation in real estate value.
Economic Rent is the cost commanded by a factor that is unique or inelastic in supply. It plays a critical role in economic theories and real estate appraisals. This article explores its various aspects, applications, and implications.
An overview of Effective Gross Income (EGI), including potential gross income, vacancy and collection allowance, and miscellaneous income in rental real estate.
An in-depth exploration of escrow accounts, their roles in real estate, and applications for holding funds securely until they are needed.
An escrow agent is a neutral third party responsible for holding funds or assets until certain conditions are met, commonly used in real estate transactions.
An in-depth exploration of the concept of 'Estate' in the context of ownership, including real property and personal property, and the nature and extent of interests in land.
A detailed examination of the historical records and documents pertaining to the ownership and conditions of a real estate title, focusing primarily on recent records for quick verification.
An Exclusive Agency Listing is a real estate contract that grants one broker the exclusive right to sell a property while allowing the owner to sell the property privately without paying a commission.
Comprehensive explanation of the Expense Ratio, including its role in real estate and mutual funds, calculation methods, examples, and relevance.
A comprehensive overview of the Fair Housing Law, which prohibits discrimination in the sale or rental of homes and apartments.
An in-depth exploration of Fair Market Rent, the amount a property would command if it were now available for lease, including its definition, types, considerations, examples, historical context, applicability, related terms, FAQs, references, and more.
The Federal National Mortgage Association, known as Fannie Mae, is a publicly owned Government-Sponsored Enterprise (GSE) chartered in 1938 to purchase mortgages from lenders and resell them to investors.
Fee Simple, or Fee Absolute, represents the most complete ownership of real property, with unconditional power of disposition during the owner's life, and inheritance rights upon death.
A comprehensive guide to understanding fifteen-year mortgages, their benefits, and key considerations
Financial assets encompass various forms of intangible assets such as stocks, bonds, rights, certificates, and bank balances, distinguishing them from tangible, physical assets like real property.
A comprehensive overview of a finder's fee, its importance in business transactions, and its application in advertising.
A comprehensive look at the term 'Finish Out' in the context of construction and real estate, including tenant finish-out allowances.
A comprehensive overview of the First Mortgage, including its role, types, legal considerations, historical context, and comparison with other types of mortgages.
A comprehensive guide to understanding fixtures, their legal implications, tax considerations, and examples.
An in-depth exploration of the term 'flat' covering various contexts in finance, real estate, trading, and more.
A comprehensive overview of Floor Duty, a critical responsibility in real estate sales, where salespersons handle potential client inquiries during assigned office hours.
A comprehensive overview of Floor Loan, the minimum amount a lender is willing to advance, including definitions, examples, and related terms.
Foreclosure is the legal process by which a lender or creditor can seize and sell a property used as collateral to satisfy an unpaid debt. This process involves terminating all rights of the mortgagor or grantee in the property.
Fractional Interest refers to the ownership of some but not all rights in real estate. Examples include easements, hunting rights, and leasehold properties.
Fraud and flipping involves the illegal practice of purchasing properties and rapidly reselling them at inflated prices to defraud lenders. This entry explores definitions, types, examples, and related terms.
A comprehensive guide to Freehold Estates, which are interests in real property for life or of uncertain duration.
Functional obsolescence refers to the reduction in value of an asset due to its outdated features, often influenced by changing consumer preferences or advancements in technology.
An in-depth look at the concept of Future Interest, its types, historical context, and applicability in legal and financial contexts.
Comprehensive overview of garden apartments, a type of housing complex featuring access to lawn areas for tenants.
An overview of the GI Loan provided by the Veterans Administration to help veterans secure home loans with favorable terms.
An in-depth exploration of what constitutes a 'Good Title' in real estate, including its definitions, types, examples, historical context, and common legal concerns.
A Graduated Lease involves periodic adjustments to the rental amount, usually pre-defined at specific intervals, allowing flexibility for both tenants and landlords.
Detailed explanation of Grantor Investments, their roles in options trading, real estate, and trust creation. Learn about call and put options, premium income, and the different types of grantors.
Gross Leasable Area refers to the total floor area of a building available for leasing, usually measured from its outside walls. This term is essential in real estate and property management for understanding lease agreements and property valuation.
A ground lease is a type of lease agreement where the tenant rents the land only and any buildings or structures made on the land are typically owned by the tenant during the lease term. Ground leases are often long-term, such as for 30 or more years, to make it feasible for development projects.
A Growing-Equity Mortgage (GEM) is a type of mortgage loan where the payment increases annually, and the additional payment is applied towards the principal, significantly reducing the loan's maturity period.
The point in time at which half the principal of a mortgage-backed security has been repaid, accounting for amortization and retirements. The half-life typically assumed is 12 years, but it varies based on interest rate trends and specifics of the mortgage pool.
A detailed analysis of 'hangout,' the remaining balance of a loan when the term of a loan extends beyond the term of the lease.
Highest and Best Use refers to the most financially, legally, and physically viable use of a property that maximizes its value.
A comprehensive exploration of holdback in real estate, including its definition, types, and practical applications in finance, loan commitments, construction contracts, and more.
