Contributor | Propertylogy - Part 42

All posts by Contributor

  • Prime Rate

    The prime rate is the commercial interest rate that lenders charge to their best and most credit worthy customers.

    This implies that it is the lowest...

    • Posted September 29, 2018
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  • Corporeal

    Corporeal property refers to tangible things that can be seen, touched and handled like personal or real property.

    Real estate is undoubtedly corporeal.

    When something is described...

    • Posted September 29, 2018
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  • Per Diem Interest

    Per diem interest refers to the interest owing to the lender for the days between the loan closing date and the first payment due date.

    Also...

    • Posted September 29, 2018
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  • Ancillary Tenant

    An ancillary tenant is a term used to label tenants that are not very important to the landlord.

    It is usually used in the context of...

    • Posted September 28, 2018
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  • Apportionment

    Apportionment typically describes the allocation of expenses between 2 or more parties.

    These arrangements can be between buyer and seller or even among partners.

    Common expenses consider...

    • Posted September 28, 2018
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  • Should You Join A Real Estate Investment Group?

    Investing in real estate can be an intimidating job to undertake.

    Buying a home for your own residence is very different from buy a property for...

    • Posted September 27, 2018
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  • Congregate Housing

    Congregate housing is a type of living arrangement whereby residents have their own private areas like bedrooms, but with shared common space like doing areas.

    Sometimes...

    • Posted September 27, 2018
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  • Drive-By Appraisal

    A drive-by appraisal is an estimation of the value of a property without any survey or inspection conducted of the interiors.

    This is as opposed to...

    • Posted September 27, 2018
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  • Caveat Emptor

    Caveat emptor is a legal doctrine practiced in some states that property sellers are under no legal obligation to disclose a home’s defects except those...

    • Posted September 27, 2018
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  • Mortgage Constant

    The mortgage constant is a factor that indicates how much mortgage payment will be made for every dollar borrowed.

    For example, if the constant is 0.00584...

    • Posted September 27, 2018
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