Procedure that classifies real property for a number of different uses: residential, commercial, industrial, etc. in accordance with a land-use ...

What an investment or property will return; the profit or income.

Depreciation or amortization an owner takes on a commercial property.

A deed in which the grantor guarantees that he or she is giving the grantee good title free of encumbrances. ...

Veterans Administration-backed mortgage. The VA, a federal agency, operates a loan guarantee program for honorably discharged veterans and widows of ...

A permit granted as an exception to a zoning ordinance that allows a property owner to meet certain specified needs.

See adjustable rate mortgage.

Market value or present worth. To have value, a property must have utility, scarcity, effective demand, and transferability.

Estimated or determined value; synonymous with appraising.

One that meets all requirements of law, is binding upon its parties, and is enforceable in a court of law.