The disposal of the interest on a property by a freehold or leasehold owner where the rent is geared to a fixed percentage of some variables.
(1)It is a modern residential community or housing estate having strictly controlled entrances for pedestrians and automobiles, and often characterized by a closed perimeter of walls. (2)A neighborhood or group of neighborhoods, usually surrounded by masonry walls, restricting access through the use of a manned guard station or electronically operated gates. The electronic gates may […]
One who guards or cares for another person’s rights and properties. A guardian has legal custody of the affairs of a minor or a person incapable of taking care of his or her own interests, called a ward.
An agreement between the broker and the seller that if the seller’s real property is not sold before a certain date, the broker will purchase it for a specified price.
A lease of land only, on which the tenant usually owns a building or is required to builder her or his own building as specified in the lease. Such leases are usually long-term net leases; a tenant’s rights and obligations continue until the lease expires or is terminated through default.
A figure used as a multiplier of the gross monthly rental income of a property to produce an estimate of the property’s value.
The total value of all goods and services produced in the United States (or another country) in a year.
A lease or property under which a landlord pays all property charges regularly incurred through ownership, such as repairs, taxes, insurance, and operating expenses. Most residential leases are gross leases.
A person who conveys real estate by deed; the seller.
A person to whom real estate is conveyed; the buyer.