British thermal unit-a unit of energy associated with the creation of heat. Prior to 1929, it was defined as the amount of heat required to raised the temperature of 1 pound of water 1 degree Fahrenheit. In 1929, it was redefined as being equivalent to 251.996 calories, 778.26 ft-lb, or in electrical units, approximately one-third watt-hours. In the United States, the BTU is a standard measure of the heat-producing capabilities of various heating appliances, furnaces, and fuels.
Popular Real Estate Terms
Agreement between the lessee and lessor specifying the lessee's rights to use the leased property for a given time at a specified rental payment. As rental payments are made, rent expense ...
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Roof having four triangular sides forming a point at the top of a pyramid. A pyramid roof is primarily used for steeples on top of churches or certain public buildings. ...
Expected market value of property if sold today. ...
Limited partnership in which limited partners rely on the general partner to choose specific properties after the funds are available. ...
A map that shows land elevations. ...
Schedule which is part of Form 1040 showing income or loss from real estate transactions including net rental income (rental revenue less rental expenses). ...
Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means ...
The amount of money a developer must directly invest in order to obtain a development loan. It pays for the initial development cost including costs for items such as architectural plans, ...
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