Pro Forma Statement
Definition of "Pro forma statement"
Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in determining the possible financial effects of buying or renting property.
Popular Real Estate Terms
Device that cuts off an electric circuit when the current becomes to strong. ...
Property that is unoccupied and thus not being used. It is usually raw land with no structure or improvements theron. ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
What is Novation? What is the definition of novation? Jointly agreeing to provide an equivalent legal obligation or debt for a previous one. Persons to the contract can also be ...
Person or business that provides an option to someone else. ...
A Construction method of using twice the number of framing members to provide additional structural strength. ...
Financial institution that services savings and checking accounts, provides loans, and deals with negotiable instruments. Stringent federal and local regulations exist over banking ...
Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by ...
Comments for Pro Forma Statement
WHEN PURCHASING PROPERTY, WHO IS THE PARTY THAT RECEIVES THE PROFORMA ON A MULTI-FAMILY DWELLING?
Apr 30, 2019 16:09:37Hello, Mallory! The Real Estate Pro Forma is a document that reveals the profitability of a property. So, in this case, the investor is the one who must analyze this document. However, you may also want to do a SWOT analysis as well. Keep an eye on our website because we will soon publish a detailed article on this topic.
May 01, 2019 04:24:40Have a question or comment?
We're here to help.