Definition: gross income minus tax deductions; net operating income plus reserve for replacements minus financing costs and allowable depreciation Pronunciation: \ˈtak-sə-bəl\ \ˈin-ˌkəm\ Used in a Sentence: Deductions from taxable income on investment property include operating expenses, financing expense, and dep..
Category : T
Definition: the assessed value less allowable exemptions resulting in an amount to which the tax rate is applied to determine property taxes due Pronunciation: \ˈtak-sə-bəl\ \ˈval-(ˌ)yü\ Used in a Sentence: The taxable value of a property is not known until existing exemptions are subtracted from the asses..
Definition: the initiation of a telephone call for the purpose of encouraging the purchase of, or investment in, property, goods, or services. Pronunciation: \sə-ˌli-sə-ˈtā-shən\ Used in a Sentence: If you do not wish to be contacted by telephone solicitation, you can put your name on a “Do Not Call..
Definition: the estate or rights of a tenant Pronunciation: \ˈte-nən(t)-sē\ Used in a Sentence: A tenancy at will is a lease agreement that has no fixed termina..
Definition: an estate lawfully acquired for a temporary period of time but retained after a period of lawful possession has expired; nonfreehold estate Pronunciation: \ˈte-nən(t)-sē\ \ˈsə-f(ə-)rən(t)s\ Used in a Sentence: When the tenant did not get permission to stay in the house after the end of his lease, it became a tenancy at s..
Definition: an estate that may be terminated by either party at any time upon proper notice; nonfreehold estate Pronunciation: \ˈte-nən(t)-sē Used in a Sentence: In a tenancy at will there is no specified termina..
Definition: an estate created by husband and wife jointly owning real property with instant and complete right of survivorship Pronunciation: \ˈte-nən(t)-sē\ \in-ˈtī-rə-tē\ Used in a Sentence: In a tenancy by the entireties, both spouses have an equal, undivided interest in the..
Definition: a person or party with rights of occupancy or possession of real property Pronunciation: \ˈte-nənt\ Used in a Sentence: A tenant is now leasing the ..
Definition: a form of ownership by two or more persons each having an equal or unequal interest and passing the interest to heirs, not to surviving tenants Pronunciation: \ˈte-nənt\ \ˈkä-mən\ Used in a Sentence: There is no right of survivorship in a tenancy ..
Definition: a nonamortizing loan that normally calls for repayment of the principal in full at the end of the loan term Pronunciation: \ˈtərm\ \ˈmȯr-gij\ Used in a Sentence: Our term mortgage required the entire loan be paid off at the end of the 30 ..