The property’s cost for tax purposes, used to calculate gains or losses.

A rental agreement that can be terminated by either party at any time.

The rate at which tenants move out and new tenants move in.

The portion of a property’s value attributed to buildings or structures on the land.

The process of determining the market value of a property.

A loan with interest rates that can change over time based on market conditions.

A budgeted estimate for potential lost income due to vacant units.

A final check of a property before closing or handover.

A deed guaranteeing the seller holds clear title and will defend against claims.

Financing where the new loan includes the existing mortgage balance plus additional funds.