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.
The load factor is the ratio of rentable square footage to usable space.
This clause mandates that when a property is sold or transferred, the borrower must repay the mortgage in full.
A soft prepayment penalty typically only applies if the borrower refinances the mortgage. It allows them to sell their home without facing any fees.
For qualifying applicants, a single-close loan merges the financing for new construction and the mortgage into one, easing the process of building a home.
An earnout in this context involves a portion of the purchase price being contingent on the future performance of the property. This effectively ties it to predefined financial targets or performance milestones.
Subleasing involves the original tenant leasing the property to a third party, while still maintaining a contractual relationship with the landlord.
