The government’s right to take private property for public use with compensation.

A legal claim by the government for unpaid property taxes.

An official who determines the value of property for taxation purposes.

The decrease in value of a property over time due to wear and tear or market factors.

Major expenses used to improve or extend the life of a property.

Costs associated with maintaining and running a property.

Income from a property after operating expenses are deducted, excluding financing costs.

Total income generated from a property before expenses.

The percentage of unoccupied rental units in a property or market.

The length of time specified in a lease agreement.