Each day I will post a real estate term that many might not be familiar with. Check back every day to learn the new word of the day!!
WORD OF THE DAY...
ZONING
Procedure that classifies real property for a number of different uses: residential, commercial, industrial, etc. in accordance with a land-use plan.
01/14/2009
WORD OF THE DAY
YIELD
What an investment or property will return; the profit or income.
Word of the day
WRITE OFF
Depreciation or amortization an owner takes on a commercial property.