Ownership Form
Definition of "Ownership form"
Methods of owning real estate. Ownership form has important consequences for income tax, estate tax, corporate income tax, and survivorship. Real estate may be owned by one or more persons. Methods of ownership include tenancy in common, joint tenancy, a tenancy by the entirety, tenancy in severalty, partnership, limited partnership, and corporation.
Popular Real Estate Terms
Lumber of no more than 8 inches wide and 2 inches thick. ...
The act or removing or dispossessing or expulsion of an individual from a premise by force or law. ...
Limitation or prohibition such as on what a tenant in an apartment may not do. Local laws may also restrict certain actions such as failing to use the property for gambling purposes. ...
To upgrade a facility by installing up-to-date technology as well as introducing stylistic changes reflecting current patterns. Modernizing a facility can add substantially to its value and ...
Act of actual eviction or removal of a lessee from a property. The eviction may be either voluntarily through due process of law or involuntarily by force. This generally occurs when a ...
Houses attached by either side of the same wall. ...
One-story house with a low pitched roof often having an open floor plan. ...
The excess of total expenses over rental revenue for a real estate business. ...
Removal of land by the action of water. See also erosion. ...
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