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Maintenance charges
Maintenance charges Monthly or annual charges assessed in a condominium, planned united development, or cooperative development to cover operational costs.
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Annual
Any kind of plant that must be planted every year.
Condominium
Individual ownership of a dwelling unit and an individual interest in the common areas and facilities that serve the multi-unit project.
Cooperative
A residential multiunit building whose title is held by a trust or corporation that is owned by and operated for the benefit of persons living within the building, who are the beneficial owners of the trust or stockholders of the corporation, each possessing a proprietary lease.
SIMILAR TERMS--------------------------------------
Main water shut-off valve
The primary valve that halts the flow of water from the water meter into a home.
Maintenance and emergency repairs (in a lease)
Defines major and minor repairs and states who pays for what.
Maintenance fee
Maintenance fees are established and collected by the Homeowners Association or Resort Management Company to maintain the property, pay insurance, utilities, refurbishing and taxes.
Mainz property
Property in Mainz, Germany. Apartments, flats, houses, offices and other property in Mainz.
PREVIOUS AND NEXT TERMS--------------------------------------
M1, m2, m3
Three measurements of the United States money supply. M1, or the basic money supply, consists of cash in public hands, private checking accounts, credit union share accounts and demand deposits at thrifts. M2 includes all of M1 plus money market mutual fund shares, and savings deposits of less than $100,000 at all depository institutions. M3 includes M2 plus large time deposits at all depository institutions.
Magic page
Included in the offering prospectus, the magic page is a projected growth story, describing how a new REIT will accomplish its future expectations for funds from operations or funds available for distribution.
Maids
Usually, the maids take turns working in the laundry. Good managers keep very close tabs on the maids.
Main water shut-off valve
The primary valve that halts the flow of water from the water meter into a home.
Maintenance and emergency repairs (in a lease)
Defines major and minor repairs and states who pays for what.
Maintenance charges
Maintenance fee
Maintenance fees are established and collected by the Homeowners Association or Resort Management Company to maintain the property, pay insurance, utilities, refurbishing and taxes.
Maker
One who creates or executes a promissory note and promises to pay the note when it becomes due
Managed-competition lots
Lots in which buyers choose between one of several builders.
Management
Refers to the amount of personal or hired time, it takes to run the investment.
Management agreement
A contract between the owner of income property and a management firm or individual property manager that outlines the scope of the manager's authority.
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