Apportionment Clause
Contractual provision requiring apportionment.
Popular Real Estate Terms
Standard days when an organization is open and conducts business. Business days exclude weekends and holidays. ...
An offset statement defines a specific property owner’s underwritten certificate against their property. The reason behind this action is to set forth the current condition of liens ...
There’s no mystery. The actual age of a property is the chronological age of a property. Say a house was built two decades ago. That house’s actual age is 20 years old.The ...
Receipt given for a partial payment made on the sale of property. It shows the buyer has made a down payment. ...
Lease agreement having level payments during the contractual period. It does not have an escalation clause to allow for increased costs due to increases in inflation, taxes, or other ...
Approach to appraise rental property based on anticipated future earnings to be derived from it plus the estimated selling price at the end of he period held. ...
Property zoning having the net effect, intended or not, of excluding the poor and minority groups from living in a particular area. Building lot size is the most frequently used ...
Inflation adjusted income relative to be a base period. For example, real rental income is adjusted for changing price levels. ...
Return before taxes on the capital invested in real estate property. ...
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