Vacation Home
Second home. The interest and real estate taxes on the second home are tax deductible on the family's 1040 tax return.
Popular Real Estate Terms
Enhancement of a property's value even though the improvement is not on it. Lighting in the street would be an example. ...
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
In real estate, a buffer zone refers to an area of land that acts as a transitional space between two different types of land use or properties. It’s like a neutral ground that ...
Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...
Corporation whose stockholders are taxed as partners. That is, income is taxed as direct income to the shareholders. The key advantage of this tax treatment is that shareholders escape ...
Road or highway acting as a frontage boundary. ...
Insurance contract providing coverage for risks primarily associated with negligence and acts of omission associated with third-party injuries or property losses. Property and casualty ...
Latin abbreviation for the literal translation meaning" which see". ...
Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...
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