Tax Liability
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes.
Popular Real Estate Terms
Restitution or compensation for harm or wrong done. ...
Insurance or maintenance policy taken out by a buyer of real or personal property. ...
Investments you can hold on to all your life or sell for a profit when they have appreciated in value. Real assets are those investments you can put hands on. Real property includes real ...
One based on the whole body of the law. A lawful right is being exercised. ...
A rule that the price of a house should not exceed about 2 to 2.5 times your family's gross annual earnings. Example : If annual gross income is $70,000, the highest price one could afford ...
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 ...
Residing in a structure that the individual owns. ...
Land expansion resembling a star. The starts center is the city, and major thoroughfares going away from the city are depicted. ...
Same as term yield: The income earned on an investment, typically stated as a percentage of the market price ...
Have a question or comment?
We're here to help.