Income Producing Property
Also called investment property. Real property held by a business for investment potential or in order to earn income by leasing or letting it, rather than for its own use.
Popular Real Estate Terms
Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership who is jointly and severally liable for ...
All expenses related to maintaining and operating a household. These expenses include the cost of rent or mortgage payments, taxes, utilities, maintenance and structural improvements. The ...
A capital asset. An expenditure to buy property and other capital assets that generate revenue. Securities of real estate companies. ...
The increase in a person's equity in a real estate due to the reduction in the mortgage loan balance and price appreciation. ...
Angle from north or south of a property. When a real estate appraiser does surveying, it is looked at clockwise from north. It may assist in determining the form or boundaries of land. ...
Document showing the financial health of an individual that may be requested for a loan application to buy real estate. A Statement of Financial Condition present assets at estimated ...
Not attached to any parcel of land but merely a personal right to use the land of another. ...
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You open your mortgage documents and you see this big amount of money owed under “PITI”. But you have no clue as to what is the right PITI definition. Don’t worry; we got ...
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