Real
Estate Markets are very different and many
things are handled differently from one
state to another. We have assembled a
glossary of the most common terms used in
the Florida Real Estate Market to assist
our American clients and the many
international clients from Canada, United
Kingdom and other countries across the
world.
A B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Implied
Expressed indirectly (e g., an implied contract)
Improvement
Addition that increases the value of real property (not repairs)
Income
Amount earned or gained, not return of capital
Income capitalization approach
A method for estimating the market value of a property based on the
present and future income the property can
be expected to generate
Income statement
A summary of all income and expenses of a business for a stated
period of time
Instrument
Any legal or formal writing, such as a will, option, lease,
contract, or deed
Insurance
(See Hazard insurance)
Insurance clause
A provision in a mortgage that requires
the mortgagor to obtain and keep current a
hazard insurance policy
Intangible tax on mortgages, state
Tax required prior to a mortgage being
recorded The cost is based on the face
value of the mortgage
Interest
The price paid for the use of borrowed
money, estate
Interest rate
The percentage charged for the use of
borrowed money
Intestate
Without a will.
Investment
The outlay of money in anticipation of
income or profit, the sum asked or the
property purchased
Investment value
The worth of a property to a particular investor based on his or
her desired rate of return, risk
tolerance, etc.
Involuntary liens
Claims imposed against real property
without the consent of the owner (e.g...
taxes, special assessments)
We hope you found the above links useful,
and
remember, if you have any questions
regarding buying or selling your Florida
Holiday Home or permanent residence in
the Disney Orlando area please contact
us - we look forward to your call.
