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Depreciation
Depreciation Decrease in value to real property improvements due to wear and tear, adverse changes in the neighborhood, or any other reason.
RELATED TERMS--------------------------------------
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
Depreciable basis
In investment real estate only structures can be depreciated. The depreciable basis is the original basis less the value of the land.
PREVIOUS AND NEXT TERMS--------------------------------------
Density zoning
Zoning ordinances that restrict the maximum average number of houses per acre that may be built within a particular area, generally a subdivision.
Dentils
Small rectangular blocks that project from a building, usually under cornices or along rooflines.
Department of Real Estate (California)
The California agency that administers the Real Estate Law, including the licensing of real estate brokers and agents; headed by the Real Estate Commissioner, who is appointed by the Governor and presides over the Real Estate Advisory Commission whose ten members are appointed by and serve at the Commissioner's discretion.
Deposit
A cash lump sum, usually expressed as a percentage of the value of the property, given by the buyer to the seller.
Depreciable basis
In investment real estate only structures can be depreciated. The depreciable basis is the original basis less the value of the land.
Depreciation
Derivative securities
Securities that are created artificially, i.e., derived from other financial instruments. In the context of CMBS, the most common derivative security is the interest-only strip.
Descent
Acquisition of an estate by inheritance in which an heir succeeds to the property by operation of law.
Design-build
A system in which a single entity is responsible for both the design and construction
Designated agent
A licensee authorized by a broker to act as the agent for a specific principal in a particular transaction.
Designer
Unlike architects, designers are limited to drawing blueprints.
This dictionary contains 6433 terms. |
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