|
| | |
Income and expense report
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.
RELATED TERMS--------------------------------------
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--------------------------------------
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
Income ratio The relationship between a person's total income and the amount needed to make one month's mortgage payment.
Income return The percentage of the total return that is generated by the income from operations of a property, fund or account
Incompetent An individual who is unable to handle his own affairs by reason of some medical condition (e.g., insanity, Alzheimer's).
Incorporeal right A nonpossessory right in real estate; for example, an easement or a right of-way.
PREVIOUS AND NEXT TERMS--------------------------------------
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 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.
Income and expense report
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
Income ratio The relationship between a person's total income and the amount needed to make one month's mortgage payment.
This dictionary contains 6433 terms. |
|
|