Real estate glossary.
The general words of property: income, taxes, ownership and the laws that apply to every owner.
0 terms defined, 6 planned
Cap rate
The net operating income of a property divided by its value: a quick measure of its return.
Escrow
A neutral third party that holds money or documents until the conditions of a deal are met.
Fair Housing Act
The federal law that bans discrimination in renting, selling and financing housing.
Net operating income
The income of a property less its operating costs, before the mortgage and income tax. Also written NOI.
Property tax
A yearly local tax on real estate, based on the assessed value of the property.
Title insurance
Insurance against a defect in the ownership of a property that surfaces after the purchase.
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