The liberalization clause is a type of insurance clause that allows for the insurance coverage to be broadened in the event that a loss occurs as a result of a change in the law. This clause is important for real estate investors because it provides protection against losses that may occur as a result of … Read more
What is Real Estate? Real estate is a piece of land or property that has been developed for human habitation. It can be either commercial or residential in nature. What are the different types of Real Estate? There are many different types of real estate, but the most common are residential and commercial. Residential real … Read more
The definition of vintage in investing refers to the age of a security, asset, or investment. For example, a vintage stock would be one that was issued many years ago and has been held by the investor for a long period of time. Vintage can also refer to the age of a company. A vintage … Read more
An appraisal management company (AMC) is a third-party service provider that contracts with lenders and other clients to provide appraisal services. An AMC manages the process of ordering and completing appraisals, and typically also provides ancillary services such as quality control and compliance monitoring. An appraisal management company typically charges a flat fee or a … Read more
The vacancy rate is the percentage of rental units that are unoccupied or not being used at a given time. The vacancy rate is a key indicator of the health of the rental market and can be used to predict future trends. A high vacancy rate may indicate that there is a problem with the … Read more
A homeowner association, or HOA, is an organization within a community that makes and enforces rules for the properties within its jurisdiction. Homeowner associations are common in planned communities and gated communities, but can also be found in other types of neighborhoods. The rules that an HOA enforces are typically set forth in the community’s … Read more
A double net lease is a type of commercial lease agreement in which the tenant is responsible for paying both the base rent and a portion of the property taxes and insurance premiums. The base rent is typically lower than it would be under a triple net lease agreement, in which the tenant is responsible … Read more
An impact fee is a charge assessed by a governmental entity on new development in order to finance infrastructure improvements that are needed to accommodate the new growth. The fee is typically assessed by the local government on a per-unit basis, and is used to fund the construction or expansion of roads, schools, water and … Read more
A grant deed is a legal document that transfers ownership of real property from one person to another. The grant deed must be signed by the grantor (the person selling the property) and notarized in order to be valid. The grant deed must also be recorded with the county recorder’s office in order to provide … Read more
Littoral land is land that is located near a body of water, such as a lake, river, or ocean. The term can be used to describe both the natural environment and the built environment. Littoral land is often prime real estate because of its proximity to water. This can make it desirable for both recreational … Read more
