GENERAL REAL ESTATE
Also known as a handyman's special, it's the hyphenated term for a rundown property bought at a bargain but needing work
What is a fixer-upper?
This legal concept provides an owner protection from interference by others in his use of the property, including past owners.
What is the Right of Quiet Enjoyment?
In a typical commercial lease, this is the area you pay rent on; you get the privilege of paying rent for all space to the walls except vertical penetrations.
What is Rentable Area?
This concept allows local governments to acquire private property without the owner’s consent for public use, but with due process and just compensation (which is in the eye of the beholder).
What is Eminent Domain?
Only 90 miles from the Equator, this City-State is a major financial and oil refining center.
What is the Republic of Singapore?
This possible method for determining your target Internal Rate of Return is definitely not “wacky”
What is WACC (Weighted Average Cost of Capital?
The legal rights to resources or assets below a property’s surface, including the rights to access and extract resources.
What are Subsurface and Mineral Rights?
This is the formal name for a legal contract between a lessee (tenant) and a lessor (owner) for the use and possession of Real Estate.
What is a Leasehold Estate?
This legal principle grants title to someone who resides in or is in possession of another person’s land as long as certain conditions are met, but is better known by a colloquial name.
What is Adverse Possession (a/k/a Squatters' Rights)?
This city is divided into many arrondissements and is best known for its architecture, food, monuments, and one extraordinary tower.
What is Paris?
In 2011 85% of Las Vegas mortgage holders owed more than the house was worth--hold your breath, because your this
What is under water?
Also acceptable: What is upside down?
The most common type of estate which describes ownership of a property and contains all possible rights is this.
What is Fee Simple (or Fee Simple Absolute, or just Fee)?
In a commercial lease, the tenant is likely to pay Base Rent plus these increases.
What are Escalations, a/k/a Step Ups.
Insurance against damage to your home typically does not cover these types of events, which require separate insurance coverage.
What are Windstorm, Seismic (Earthquake), and Flood events?
This country has a small population with plentiful oil resources, but most of the cars sold here are Electric Vehicles.
What is Norway?
Calculating for an IRR rate will give you the rate of return to be earned on an investment; THIS alternative tool will use the rate of return to give you the AMOUNT of $$$ to be received and help you decide if you want to make the investment
What is Net Present Value (NPV)?
This document is the principal conveyance in writing of real property ownership.
What is a Deed?
These are inducements for tenants to take new space or renew existing leased space.
What are concessions such as Free Rent and Tenant Improvements?
Unlike condominiums, owners of this type of property do not actually own the physical real estate.
What are Cooperatives?
The only continent with no active volcano activity
What is Australia?
43,560 sq ft
What is one ACRE?
This very specific form of insurance protects possible breaks in the chain of ownership, but insures only against this.
What is Title Insurance?
What is a Triple-Net Lease (NNN)?
A major city without Zoning Codes which instead relies on building codes
What is Houston?
An office building in this major city is owned by a very famous political figure. Your humble Professor once worked in this building.
What is New York City?