LET'S TALK REAL ESTATE!
In court, this term might be used in a case where a squatter claims the right to control a property.
What is Adverse Possession?
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 is one possible method for determining your target Internal Rate of Return which 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?
A big payment that comes due at the end of a mortgage is not what you find at a birthday party.
What is a 'balloon" payment?
This city is divided into many districts and is best known for its architecture, food, and one extraordinary tower.
What is Paris?
Properties in more than 22,000 U.S. communities are eligible for coverage through NFIP, the National this Program.
What is Flood Insurance?
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 any one of these types of events, which require separate insurance coverage.
What are Windstorm, Seismic (Earthquake), or Flood events?
This northern country has a small population with plentiful oil resources, but most of the cars sold here are Electric Vehicles.
What is Norway?
You have calculated the rate of return you want for an investment, but this tool will use that rate of return to give you the AMOUNT of $$$ to be invested.
What is Net Present Value (NPV)?
This document is the principal conveyance in writing of real property ownership.
What is a Deed?
Tenants might be induced to take new or renew existing space based on these offered by a landlord.
What are concessions such as Free Rent and Tenant Improvements?
A multi-unit dwelling in which owners do not actually own the physical real estate.
What is a Cooperative?
This is 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?
In this type of lease, the tenant pays for all building expenses including operations and maintenance, property taxes, and insurance.
What is a Triple-Net Lease (NNN)?
Buyers, be sure you're aware of any restrictive these, limitations on use with a religious-sounding name
What are covenantsl?
In this city, your humble professor once worked in an office building owned by a famous political figure.
What is New York City?