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Life tenant
Life tenant A person in possession of a life estate.
RELATED TERMS--------------------------------------
Possession
The condition of having signed all the papers at closing and having received keys to the house.
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.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
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 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 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.
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--------------------------------------
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
In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
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
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.
Lifting clause
A provision in a junior mortgage that allows the underlying senior loan to be replaced or refinanced so long as the amount of the new senior loan does not exceed the amount of the first lien outstanding at the time the junior loan was made.
Like-kind
A term relating to the nature of a property rather than its quality or quantity. Only like kind properties qualify for a real estate exchange and the resulting tax benefit.
This dictionary contains 6433 terms. |
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