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Inclusions
Inclusions A section of the offer to purchase designed to exhibit any extra items the buyer or seller would like to be included with the real estate.
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Section
A portion of township under the rectangular (government) survey system. A township is divided into 36 sections, numbered one through 36. A section is a square with mile-long sides and an area of one square mile, or 640 acres.
Offer
A proposal to purchase property at a specified price and terms.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
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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.
Incentive zoning
Zoning that offers incentives to developers, such as retail shops on the first floor of multistory office buildings if a plaza for public use is included.
Incidental recording, delivery, wire, etc. fees
Other costs that are incurred when a real estate loan is closed.
Inclusions
Income and expense report
A financial report generated by a property manager that details the income and expenses from a property and the amount remitted to the owner.
Income approach
The process of estimating the value of an income-producing property through capitalization of the annual net income expected to be produced by the property during its remaining useful life.
Income capitalization value
The indication of value derived for an income-producing property by converting its anticipated benefits into property value through direct capitalization of expected income or by discounting the annual cash flows for the holding period at a specified yield rate
Income multipliers
Used by most lenders to determine how much can be borrowed. Averages tend to be a single income multiplied by three or joint income multiplied by 2.5.
Income property
Real estate that is owned or operated to produce revenue
This dictionary contains 6433 terms. |
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