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Property
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.
RELATED TERMS--------------------------------------
Ownership
The right to possess and use property to the exclusion of others.
Use
The specific purpose for which a parcel or a building is intended to be used or for which it has been designed or arranged.
SIMILAR TERMS--------------------------------------
Property analysis
A study made to familiarize a property manager with the nature and condition of a building, its relative market position, and its estimated income and operating expenses.
Property brief
Produced by the listing agent, a property brief is simply a one-page flier about the property pointing out attractive features.
Property insurance
Property insuranceis the insurance that indemnifies an individual or entity with an ownership interest in real or personal property for loss of or damage to property or the loss of business income-producing ability.
Property line
The official dividing line between properties.
Property management
That aspect of the real estate industry devoted to marketing, leasing, managing, and the maintenance of the property of others.
Property manager
Someone who manages real estate for another person for compensation. Duties include collecting rents, maintaining the property and keeping up all accounting.
Property reports
The mandatory federal and state documents compiled by subdividers and developers to provide potential purchasers with facts about a property prior to their purchase.
Property Tax
A tax levied by the local municipality or county on real and personal property.
Property tax and insurance escrow
Money collected monthly by the lender and held to pay taxes and insurance when due.
Property tax deduction
Property tax expense on a home loan that the federal government allows homeowners to subtract from their income before computing their income tax.
Property taxes
Assessment made by county or city assessor's office for real property taxes. Payment dates may vary according to state regulation.
Property to rent
A property to rent is a real estate asset rented by its owner. The property to rent may be a piece of land, a house, a flat, a building or other real estate asset.
Property value
The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
Proposal to lease
A response to a request for proposal, stating the landlord's position on the various terms and requirements of the prospective tenant.
Proprietary lease
A lease given by the corporation, which owns a cooperative apartment building to the shareholder for the shareholder's right as a tenant to an individual apartment.
PREVIOUS AND NEXT TERMS--------------------------------------
Programming
A written summation by an architect of a project's design objectives, constraints and criteria.
Progression
An appraisal principle that states that, between dissimilar properties, the value of the lesser-quality property is favorably affected by the presence of the better-quality property.
Prohibited transaction
ERISA defines the following transactions as prohibited between a pension plan and a party in interest: the sale, exchange or leasing of any property; a loan or other extension of credit; and the furnishing of goods or services.
Project budget
A fiscal outline that includes the construction budget and all costs for land, furniture, equipment, financing, professional services, contingencies and owner-furnished goods and services.
Promissory note
A written promise to repay a specified amount over a specified period of time.
Property
Property analysis
A study made to familiarize a property manager with the nature and condition of a building, its relative market position, and its estimated income and operating expenses.
Property brief
Produced by the listing agent, a property brief is simply a one-page flier about the property pointing out attractive features.
Property line
The official dividing line between properties.
Property management
That aspect of the real estate industry devoted to marketing, leasing, managing, and the maintenance of the property of others.
Property manager
Someone who manages real estate for another person for compensation. Duties include collecting rents, maintaining the property and keeping up all accounting.
This dictionary contains 6433 terms. |
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