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All posts by Contributor
A straight note is a promissory note for a loan whereby only interest payment is required for a period of time, and the full principal due for payment in one lump sum on maturity. It is basically...
- Posted December 7, 2019
An agricultural lien is a statutory lien that has been placed on the corps belonging to a farm in exchange for a loan, equipment or supplies. It is mostly placed on corps by manufacturers and sellers of...
- Posted December 5, 2019
A midrise refers to a building that is not too short or tall, and usually built to be between 4 to 7 levels. The term is a word play on low-rise buildings that refers to property that...
- Posted December 4, 2019
Age-life depreciation is a method of calculating depreciation of a property based on it’s economic life and and physical condition. It is mostly used by appraisers in the process of estimating appraised value. Using this method, the...
- Posted December 3, 2019
The attraction principle is a theory that commercial hubs have a strong pulling factor for people to work there, and for consumers to patronize. This can be often observed in commercial hubs with a cluster of office...
- Posted December 2, 2019
Reinstatement is a term used in real estate to refer to the restoring of a property back to a prior or original state. This is sometime necessary when a house has been sold and the new owner...
- Posted November 29, 2019
Revocation refers to the terminating, recalling, canceling or annulling a power of authority that has been conferred to a third party. This essentially means that if someone has been hired to represent you, then revocation refers to...
- Posted November 27, 2019
Construction allowance refers to a financial incentive granted to a tenant to spend on improving the rented space so that it is set up to the needs of the tenant. It is also sometimes referred to as...
- Posted November 26, 2019
Preventive maintenance refers to the practice of keeping in good state so that costly major repairs would be avoided in future. Maintenance expenses can often be something that property owners want to avoid as much as possible....
- Posted November 25, 2019
A demising wall is a wall constructed to separate two tenants within a space, or between a tenant’s space and the corridor. Also known as a demising partition, these are important setups that landlords that manage multiple...
- Posted November 22, 2019