1031 Exchange - Constructive Receipt.
Real Estate Investment Trust (reit) A reit is a company dedicated to owning, and in most cases, operating income-producing real estate, such as apartments, shopping centers, offices and warehouses.For more information, go to Leasehold Improvements and "Tenant Improvements.Equal to a reit's net income, excluding gains or losses from sales of property, and adding back real estate depreciation.Additional Rent Any amounts due under a lease that are in addition to base rent.Recapture (1) When the IRS recovers the tax benefit of a deduction or a credit previously taken by a taxpayer, which is often a factor in foreclosure since there is a forgiveness of debt.Note that all liens are encumbrances but all encumbrances are not liens.Market Value The highest price a property would command in a competitive and open market under all conditions requisite to a fair sale with the buyer and seller each acting prudently and knowledgeably in the ordinary course of trade.Market Value The expected price that a property should bring if exposed for lease in the open market for a reasonable period of time and with market savvy landlords and tenants.As a safe haven to place capital as a strategy to both both preserve their original investment and generate a positive return.Building or "Core" Factor Represents the percentage of Net Rentable Square Feet devoted to the building's common areas (lobbies, rest rooms, corridors, etc.).Just In Time (JIT) An inventory control system that replenishes and delivers products to a retailer or end user just as the current supply is depleted.
He or she then summarizes the various instruments affecting the property and arranges them in the chronological order of recording, starting with the original grant of title.
Cumulative Discount Rate The interest rate used in finding present values that when applied to the rental rate takes into account all landlord lease concessions and then expressed as a percentage of base rent.
After a period of time (often one year the partners may enjoy the same liquidity of the reit shareholders by tendering their Units for either triathlon promo des sharks cash or reit shares (at the option of the reit or Operating Partnership).
Absolute Net Lease requiring tenant to pay in addition to base rent all costs associated with the operation, repair and maintenance of the building, all real estate taxes, and utilities including repair and maintenance of the building's structure and roof.
Tenant Electric: Lessor pays for all services and Lessee is responsible for their usage of lights and electrical outlets in the space they occupy.
Capital Gain The capital gain is calculated as follows: total selling price of the relinquished property, less exchange expenses, less the relinquished property's adjusted basis.
Working Drawings specify for the contractor the precise manner in which a project is to be constructed.Aashto The American Association of State Highways and Transportation Officials.The contractor absorbs any loss or retains any profit.Moderate-Density Residential Zoning District -Those sections throughout the District of Columbia that are zoned R-3, R-4, R-5-A, and R-5-8.Second Mortgage A mortgage on property that ranks below a first mortgage in priority.If you purchase a property of lesser value, you will be responsible for any tax on the difference.To see a list of the property management services offered.L.
For appraisal purposes, the difference between the cost to reproduce the property (as of the appraisal date) and the property's current value as judged by its "competitive condition." In this context, accrued depreciation is often called diminished utility.
For example, if a customer currently holds a 7 interest, 75,000 mortgage and wishes to refinance, and the current rate is 9, the bank might offer a blended rate.