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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is a Tax Abatement?

A tax abatement is a reduction or exemption from property taxes provided by a government to incentivize development or investment in a specific area, aiming to stimulate economic growth and community improvement.

May 4, 2024

What is abandonment in real estate?

Abandonment refers to the voluntary relinquishment of ownership rights or interest in a property through explicit actions or lack of use, potentially leading to legal consequences such as changes in ownership or loss of associated rights.

May 4, 2024

What are Riparian Rights?

Riparian rights are legal rights associated with land adjacent to a water source, such as a river, stream, or lake. These rights typically include the use and access to the water for purposes like irrigation, fishing, boating, and other reasonable uses, as well as the right to maintain the quality and flow of the water.

May 4, 2024

What is CBRE Deal Flow?

CBRE Deal Flow is a commercial real estate platform offered by CBRE Group, Inc. to streamline transactions, connect buyers and sellers, and provide market insights and analytics.

May 4, 2024

What is Propmodo?

Propmodo is a leading media brand that focuses on technology and innovation in the commercial real estate sector.

April 26, 2024

What are BMR units in multifamily?

BMR units, or Below Market Rate units, in multifamily housing are apartments offered at reduced rental rates compared to market rates. These units are part of affordable housing initiatives to make housing more accessible to individuals and families with lower or moderate incomes.

April 25, 2024

Which Markets List Rental Units on MLS vs ILS?

Rental markets with high professional real estate involvement and specialized properties often favor MLSs, while urban areas with high competition and many direct landlords typically rely more on ILSs for listing rentals.

April 22, 2024

What is a Pest Control Inspection?

A pest control inspection involves a comprehensive evaluation of a property to identify current pest issues, potential entry points, and environmental factors conducive to infestations, with recommendations provided for addressing and preventing pest problems.

April 20, 2024

What is Pricelabs?

PriceLabs is a dynamic pricing software that optimizes rental pricing strategies for short-term and vacation rentals by analyzing market data, demand, and other factors to maximize occupancy and revenue.

April 20, 2024

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a type of revolving credit secured by the equity in a homeowner's primary residence. It functions similarly to a credit card, allowing homeowners to borrow against their home equity, repay the amount, and then borrow again up to a pre-approved limit.

April 20, 2024
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