The period during which an investment is expected to be held before being sold or terminated.
A comprehensive guide on Home Equity Conversion, detailing the process of liquidating all or a portion of the equity in one's home, including related concepts such as Home Equity Loans and Reverse Annuity Mortgages.
Understanding Home Mortgage Interest: Detailed definition, types, eligibility, tax implications, historical context, and examples.
An overview of the Home Price Index, focusing on its role in measuring the relative level of prices in a specific housing market over time.
Home staging involves remodeling and interior decoration to enhance the appeal of a house, making it more attractive to potential buyers.
A comprehensive overview of the first-time Homebuyer Tax Credit enacted in 2009 to encourage first-time homebuyers to purchase homes, offering a tax credit of up to $8,000.
Comprehensive definition and exploration of homeownership, its benefits and drawbacks, historical context, related terms, and frequently asked questions.
The Homeownership Rate is a crucial metric representing the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area, reflecting economic trends, social structures, and housing markets.
The Homestead Exemption is a legal provision that reduces the assessed value of a principal residence, thereby lowering the property tax burden for homeowners. This entry explores its mechanisms, examples, historical context, and related terms.
An estimate of the number of dwelling units on which construction has begun during a stated period.
A comprehensive definition and exploration of the term 'Hundred-Percent Location', which refers to a prime real estate location known for attracting the maximum possible customers and businesses.
An in-depth look at Hybrid Adjustable-Rate Mortgages (ARMs), which blend fixed interest rates with periodic adjustments to help borrowers in financing their home purchases.
Understanding Hypothetical Condition in Appraisal and Zoning: Definition and Context
An Implied Easement is established by use and acceptance, without the need for a legal document. It occurs when conditions suggest that the easement was intended to last, evidenced by continual use without restriction.
Detailed Examination of Improved Land and its Characteristics
Comprehensive overview of improvements and betterments insurance, detailing tenant modifications coverage, insurance applicability, considerations, examples, and frequently asked questions.
A comprehensive guide to understanding the term 'in perpetuity,' its application, historical context, and related concepts in various fields.
An inflation hedge is an investment designed to protect against the loss of purchasing power due to inflation. Traditional inflation hedges include gold and real estate, although growth in stocks can also offset inflation in the long run.
An in-depth exploration of inside lots in a subdivision, their characteristics, distinctions, and significance within real estate.
Comprehensive explanation of Installment Land Sales Contracts, their uses, mechanisms, and implications in real estate transactions.
An installment sale involves the agreement that purchased goods or services will be paid for in fractional amounts over a specified period of time, commonly applied in real estate transactions.
Comprehensive guide on the concept of investment, detailing different types, examples, and key considerations in the pursuit of income or capital gain.
A comprehensive guide to investment management decisions concerning asset selection, as contrasted with property management of real estate or custodial care of investments.
A comprehensive overview of investment strategy, detailing the process and considerations for allocating assets among various investment choices to achieve financial objectives based on individual investor profiles.
Judicial Foreclosure or Judicial Sale entails the process where a court mandates the sale of property owned by a defaulted debtor, overseeing and ratifying the final sale price. Explore its significance, historical context, procedure, and related terms with this detailed entry.
A comprehensive guide to junior mortgages, including their definition, types, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
Understanding Land as Real Estate and Real Property, including Its Definition, Types, and Applicability.
Detailed overview of the land development process, including planning, permits, subdivision, infrastructure, and utilities installation.
An in-depth look at the phrase 'Land, Tenements, and Hereditaments' used in early English law to signify all types of real estate, exploring its definitions, historical context, and modern relevance.
Explore the concept of being landlocked, including conditions of lots without public thoroughfare access and countries without access to the sea. See also ingress and egress.
A latent defect is a flaw that is concealed from both knowledge and sight, not discoverable even with ordinary and reasonable care. If a seller is aware of such a defect in a property, they must disclose it to the buyer to avoid claims of misrepresentation.
A detailed explanation of lease contracts including types, key terms, historical context, examples, and more.
Leasehold improvements refer to fixtures attached to real estate that are generally acquired or installed by the tenant. These improvements are typically removable by the tenant at the end of the lease term, provided they do not damage the property or breach lease terms.
A comprehensive exploration of leasehold mortgages, their legal framework, applications, and interactions with other liens on the property.
Legally acceptable identification of real estate via the government rectangular survey, metes and bounds, or recorded plat (lot and block number).
A level-payment mortgage entails making uniform payments every month or other designated period, covering principal and interest, ensuring full amortization by the end of the loan term.
A comprehensive overview of Liar Loans, also known as No-Documentation Loans, including their implications, historical context, and related terms.
Detailed Explanation of Lien-Theory States in Real Estate: Concept, Historical Context, Legal Applications, and Comparisons with Title-Theory States.
A comprehensive explanation of Like-Kind Exchange, a tax-deferral strategy widely used in real estate transactions.
Comprehensive definition and explanation of Like-Kind Property, covering tax-free exchanges under Section 1031, including examples, historical context, and related terms.
A comprehensive explanation of Limited Partnership, its structure, participants, and implications.
A comprehensive definition of Listing, including formal contracts between a principal and an agent, property records, and types of real estate listings.
A detailed explanation of the roles, responsibilities, and significance of a listing agent or listing broker in real estate transactions, including comparisons with selling agents.
Loan Closing refers to the final process where all documents are signed, and funds are transferred, completing the loan agreement.
The significance of location in determining the value of real estate properties, along with considerations of other influential elements.
A comprehensive guide to the Loan-to-Value Ratio, its significance in finance, how it is calculated, and its applications.
An MAI Appraisal is a real estate valuation conducted by a professional who holds the MAI designation, ensuring a high standard of expertise, ethical conduct, and professionalism in the appraisal process.
A comprehensive guide to understanding management fees including their types, significance, and application within finance and real estate.
A comprehensive exploration of marginal property, its economic implications, examples, and distinctions in real estate and finance.
Market Rent refers to the rental value a comparable property could command if offered in the competitive market, influencing real estate, investments, and economic behavior.
A detailed exploration of the Master Lease, its implications in real estate, and its differentiation from subleases and proprietary leases.
Metes and bounds is a system used to describe territorial limits of property by measuring distances and angles from designated landmarks and in relation to adjoining properties.
A taxation convention used in depreciating residential and non-residential real property, where the property is considered placed in service or disposed of at the midpoint of the calendar month.
The process of bringing a property up to contemporary standards through the installation of up-to-date equipment, making cosmetic improvements, and removing obsolete facilities.
A comprehensive guide to month-to-month tenancy, outlining the flexibility, benefits, and considerations of this lease agreement type.
A comprehensive look at Mortgage Brokers, their role in facilitating loans, the differences between brokers and bankers, and important considerations for borrowers.
A detailed overview of Mortgage Commitment, its types, special considerations, examples, historical context, applicability, comparisons, related terms, and frequently asked questions.
Understand the Mortgage Constant, a valuable metric in finance representing the percentage ratio between the annual debt service and the loan principal. Learn its significance in real estate, banking, and investment.
A detailed exploration of the role and functions of a mortgage correspondent, their responsibilities, historical context, comparison with mortgage bankers and brokers, and additional related terms.
Detailed analysis of mortgage debt, its implications, types, and considerations in real estate and finance.
Explanation of the mortgage discount, how it is applied, its benefits, and comparisons with related terms such as discount points.
A comprehensive guide to Mortgage Insurance Policy, including various types, key considerations, historical context, applicability, comparisons, related terms, FAQs, and more.
Comprehensive guide on Mortgage Lien - an encumbrance on property used to secure a loan, including key definitions, types, priorities, historical context, and real-life applications.
A comprehensive guide to understanding Mortgage Notes, their components, types, and significance in real estate financing.
Comprehensive insight into Mortgage Relief, the process of acquiring freedom from mortgage debt, related tax implications, and significant considerations.
Comprehensive Explanation of Mortgage Servicing, Including Collection of Payments, Principal and Interest Management, Escrow Services, and Handling Defaults.
A mortgage-backed certificate is a financial instrument backed by mortgages, where investors receive payments from the interest and principal on the underlying mortgages.
A detailed exploration of mortgage-backed securities, their types, characteristics, and relevance in the financial markets.
A detailed overview of multifamily housing, its definitions, types, significance, and historical context.
A Multiple Listing arrangement is an agreement among a group of real estate brokers to share information about listings and split commissions between listing and selling brokers. This facilitates greater exposure and efficiency in the property market. See also [Multiple Listing Service (MLS)].
The National Association of Home Builders (NAHB) is a prominent, influential trade association representing the interests of home builders, providing educational, political, information, and research services.
An in-depth exploration of negative leverage, its implications, examples, and how it contrasts with positive leverage.
Net Operating Income (NOI) is a key metric in real estate and business that represents income after operating expenses but before income taxes and financing expenses.
Detailed explanation of occupancy and occupants in real estate, covering definitions, types, legal considerations, historical context, and related terms.
An open listing in real estate allows multiple brokers to market a property without a commitment to compensate any broker except the one who first secures a buyer meeting the listing terms or secures the seller's acceptance of another offer.
An open mortgage is a type of mortgage that has matured or is overdue, making the property eligible for foreclosure at any time. This detailed entry explores its definition, types, considerations, examples, historical context, and related terms.
An in-depth exploration of 'Option to Purchase', a contract providing the right to buy property within a set period, for a specified price and under specific conditions.
An Optionee is a person or entity who receives or purchases an option, whether in finance, real estate, or other fields. This Comprehensive guide delves into types, historical context, and practical applications.
An in-depth look at the term optionor, providing insights into its definition, implications in finance and real estate, and historical context.
An oral contract is a type of agreement made through spoken communication and not formalized in writing. Legal enforceability of oral contracts varies by context, with some exceptions such as real estate contracts, which must be in writing.
An in-depth analysis of Overhang in real estate, securities, and commodities. Explore how substantial holdings impact market dynamics and their implications.
Overimprovement refers to a situation where a property is developed to a standard that is too high for its location, resulting in a mismatch between the property's value and the land on which it is built. For example, constructing a $500,000 single-family home on a lot worth only $5,000.
The person who has legal title to property; the individual in whom ownership, dominion, or title of property is vested.
Ownership in property law refers to the set of rights and duties that define the ability to recover or retain possession of a property. It covers all aspects from clear title to marketable title.
An in-depth exploration of various ownership forms of real estate, covering aspects like tax implications, liability, and survivorship.
A comprehensive coverage on Partial Interest - Ownership Rights to a portion of a parcel of real estate, including types like mineral rights, easements, and leasehold interests.
Understanding the Partial Release Provision in Mortgages: Definition, Examples, and Application.
An in-depth explanation of Passive Income Generators (PIG) and their role in income generation, tax benefits, and financial planning. Coverage includes examples, comparisons with other income sources, and related terms.
A comprehensive guide to understanding penthouses, featuring their characteristics, historical background, market values, and comparison with other luxury housing units.
An in-depth look at Percentage Rent, how it works in a percentage lease, typical rates, and its application in commercial real estate, notably within shopping centers.
In-depth understanding of Personal Residence, its implications, and legal significance in various domains such as taxation, voting, and more.
Physical Depreciation or Physical Deterioration refers to the loss of value from all causes of age and action of the elements, including breakage, deferred maintenance, effects of age on construction material, and normal wear and tear.
A Plat Book is a public record containing maps of land that have been subdivided. It shows the division of the land into streets, blocks, and lots, indicating the measurements of individual parcels and utility lines.
An in-depth look into Private Mortgage Insurance (PMI), its purpose, applications, and impact on borrowers and lenders in the real estate market.
Comprehensive explanation of POINT Bonds in various financial contexts, including bonds, real estate, commercial lending, and stocks.
Estimate the most expensive home a buyer can afford based on the buyer's income and available liquid assets. Prequalification does not promise any specific financing or obligate the buyer to accept it.
Detailed Explanation of a Primary Lease in Real Estate, Its Types, Considerations, and Application.
A thorough exploration of, and detailed information about Primary Residence or Principal Residence, including its significance, legal implications, and comparison with Second Homes and Vacation Homes.
An in-depth overview of the term Principal Residence, now commonly known as Primary Residence, including its definitions, applications, and relevance.
An essential overview of Private Mortgage Insurance (PMI), its features, purpose, types, and implications in the real estate and financial sectors.
