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Impound account
Impound account Account held by a lender for payment of taxes, insurance or other related expenses.
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Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
SIMILAR TERMS--------------------------------------
Impounds
Money that is placed in an escrow account to pay for property taxes and insurance.
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Implied agreement-contract
A contract under which the agreement of the parties is demonstrated by their acts and conduct.
Implied authority
The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of the agency.
Implied cap rate
Net operating income divided by the sum of a REIT's equity market capitalization and its total outstanding debt
Implied easement
When the owner of two or more adjacent properties sells a part thereof, he or she grants by implication all those apparent and visible easements which are necessary for the reasonable use of the property granted.
Implied warranty
A theory in landlord-tenant law in which the landlord renting residential property implies quiet enjoyment of the property or that the property is habitable.
Impound account
Impounds
Money that is placed in an escrow account to pay for property taxes and insurance.
Improvement
Valuable additions to property which raise the value of the property.
In room handouts
For some franchise motels, the in room handouts can be significant. The franchise inspector will count the number of handouts to be sure they are there.
In testate
Someone who has died without leaving a valid will.
Incentive fee
Applies to fee structures where the amount of the fee that is charged is determined by the performance of the real estate assets under management.
This dictionary contains 6433 terms. |
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