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Prospecting
Prospecting Locating owners of properties who are interested in selling, or buyers who are interested in purchasing property.
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.
SIMILAR TERMS--------------------------------------
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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.
Prorate
To divide in proportionate shares, such as taxes, insurance, rent, or other items.
Proration
Agreed upon percentages of certain expenses associated with a piece of property that must be paid by the buyer or the seller at the time of closing.
Prorations
Expenses, either prepaid or paid in arrears, that are divided or distributed between buyer and seller at the closing.
Prospecting
Protected class
Any group of people designated as such by the Department of Housing and Urban Development (HUD) in consideration of federal and state civil rights legislation.
Prudent man rule
The standard to which a fiduciary is held accountable under ERISA. "Act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims."
Public auction
A meeting in an announced public location to sell property to repay a mortgage that is in default.
Public debt
Commercial mortgage-backed securities and other securitized forms of whole loan mortgage interests.
Public equity
REITs and other publicly traded real estate operating companies.
This dictionary contains 6433 terms. |
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