This clause sets a cap on the operating expenses that a landlord covers. Usually, the cap is based on expenses from a predetermined base year.
An encumbrance is any claim or restriction on a property that affects the owner's ability to fully control or sell it.
Deeds are legal documents that transfer ownership of property. Each provides varying levels of protection and assurance to the parties involved.
A marketable title is one that is clear of significant encumbrances, making it acceptable to a reasonable buyer without fearing future legal claims against the property.
A Certificate Backed Mortgage (CBM) is a type of mortgage backed by mortgage-backed securities.
In most cases, a garage does not count as square footage. However, it does count if it has been transformed into a finished and climate-controlled living area.
ATR, or Ability to Repay, plays a crucial role in multifamily real estate financing.
This term refers to a dynamic investment strategy where properties are rented out for short durations, typically less than 30 days.
Accumulated depreciation is best described as a contra asset.
