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DOWNREIT
DOWNREIT An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
RELATED TERMS--------------------------------------
Partnership
An association of two or more individuals who carry on a continuing business for profit as co-owners.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
Subordinate
To place in a rank of lesser importance or to make one claim secondary to another.
SIMILAR TERMS--------------------------------------
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down payment
The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
Down spouts
A vertical gutter that empties water from the roof to the ground.
Downzoning
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
PREVIOUS AND NEXT TERMS--------------------------------------
Dovetail joints
Joints that lock two pieces of wood together with meshed teeth.
Dower
The rights of a widow to a portion of her deceased husband's property.
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down payment
The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
Downzoning
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
Dragnet clause
A clause in a mortgage or deed of trust which places the real estate as security for existing debts between the parties.
Drainage
A system of gutters and drainpipes that carry water away from the foundation of a house.
Draw
A payment, made periodically, to a construction contractor or subcontractor as work progresses. A draw is part of a construction loan.
Draw period
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account.
This dictionary contains 6433 terms. |
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