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Income property
Income property Real estate that is owned or operated to produce revenue
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Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
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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 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.
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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
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
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.
Increasing and diminishing returns
The addition of more improvements to land and structures which increases value only to the assets' maximum value. Beyond that point, additional improvements no longer affect a property's value.
This dictionary contains 6433 terms. |
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