|
| | |
Economic feasibility
Economic feasibility
The feasibility of a building or project in terms of costs and revenue, with excess revenue establishing the degree of viability
SIMILAR TERMS--------------------------------------
Economic life
1) The estimated period over which an improved property may be profitably used so that it will yield a return over and above the economic rent attributable to the land itself; the period during which an improvement has value in excess of its salvage value. 2) As applied to a structure, the years or age indicated by the condition and utility of the structure, as opposed to its actual or chronological age.
Economic obsolescence
Loss of useful life and desirability of a property through economic forces, such as change in zoning, changes in traffic flow, etc.
Economic rent
The market rental value of a property at a given point in time
PREVIOUS AND NEXT TERMS--------------------------------------
Easement in gross
An easement that is not created for the benefit of any land owned by the owner of the easement but that attaches personally to the easement owner. For exam ple, a right granted by Eleanor Franks to Joe Fish to use a portion of her property for the rest of his life would be an easement in gross.
Easement rights
A right-of-way granted to a person or company authorizing access to or over the owner's land.
Easton v. Strassburger
The duty of the licensee to make a reasonable investigation of the property evolved from the case of Easton v. Strassburger (1984).
Eaves
The projecting overhang at the lower edge of a roof.
Echeck
An electronic version or representation of a paper check. The account holder writes an echeck using a computer or other type of electronic device and transmits the echeck to the payee electronically.
Economic feasibility
Economic life
1) The estimated period over which an improved property may be profitably used so that it will yield a return over and above the economic rent attributable to the land itself; the period during which an improvement has value in excess of its salvage value. 2) As applied to a structure, the years or age indicated by the condition and utility of the structure, as opposed to its actual or chronological age.
Economic obsolescence
Loss of useful life and desirability of a property through economic forces, such as change in zoning, changes in traffic flow, etc.
Economic rent
The market rental value of a property at a given point in time
EEM
Energy Efficient Mortgage.
Effective age
An appraiser’s estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
This dictionary contains 6433 terms. |
|
|
