Category: REAL ESTATE TERM OF THE DAY

RATE ADJUSTMENT PERIODS RETOTD Episode 00237

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RATE ADJUSTMENT PERIODS With most ARMs, any periodic adjustment in the interest rate changes the payment. Adjustment periods tend to reflect the period of the index of the most popular ARMs; currently, annual adjustments are the most common. You should…

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VALUE-ADDED RETOTD Episode 00246

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VALUE-ADDED A phrase generally used by advisers and managers to describe investments in underperforming and/or undermanaged assets that possess upside potential. NOI and property value can be positively affected through a change in marketing, operating or leasing strategy; physical improvements;…

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VACANCY RETOTD Episode 00245

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VACANCY The number of units or space (of a specific commercial type) that are vacant and available for occupancy at a particular point in time within a given market (usually expressed as a vacancy rate).

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