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Life cycle costing
Life cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
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.
Management
Refers to the amount of personal or hired time, it takes to run the investment.
SIMILAR TERMS--------------------------------------
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.
Life estate
An estate in real property for the life of a person
Life insurance
Pays out a lump sum on the death of the policyholder. Lenders usually insist that their mortgage customers have life insurance.
Life tenant
A person in possession of a life estate.
Lifecycle
The various developmental stages of a property: pre-development, development, leasing, operating and redevelopment (or rehab)
Lifecycle cost analysis
A method of calculating a building’s expected operating and maintenance costs over its lifespan.
Lifetime rate cap
In an adjustable rate mortgage (ARM), it limits the amount that the interest rate can increase or decrease over the life of the loan.
PREVIOUS AND NEXT TERMS--------------------------------------
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
Lien theory
Some states interpret a mortgage as being purely a lien on real property. The mortgagee thus has no right of possession but must foreclose the lien and sell the property if the mortgagor defaults.
Lien waiver
Documents signed by subcontractors and suppliers, indicating they have received payment in full.
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Life cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.
Life cycle costing
Life estate
An estate in real property for the life of a person
Life insurance
Pays out a lump sum on the death of the policyholder. Lenders usually insist that their mortgage customers have life insurance.
Life tenant
A person in possession of a life estate.
Lifecycle
The various developmental stages of a property: pre-development, development, leasing, operating and redevelopment (or rehab)
Lifecycle cost analysis
A method of calculating a building’s expected operating and maintenance costs over its lifespan.
This dictionary contains 6433 terms. |
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