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Real Estate Dictionary

Real Estate Dictionary

What is Net Book Value (NBV) and How Does it Apply to Real Estate?

Net Book Value (NBV) in real estate is the accounting value of a property after deducting depreciation and impairments, used for financial reporting and tax purposes, but it differs from market value, which reflects the property's current worth in the market.

February 24, 2025

Overview: Types of Rental Units

There are many types of rental units, and they can be categorized based on structure, size, layout, and intended use. Here’s a breakdown of the different types.

February 24, 2025

What is an "Efficiency" Apartment Unit?

An efficiency apartment is a compact, self-contained unit with a single room serving as the living, sleeping, and kitchen area, plus a separate bathroom, designed for affordability and space efficiency.

February 24, 2025

What is a Movein Special?

A Move-In Special is a temporary rental promotion offering discounts, waived fees, or perks to attract new tenants and fill vacancies quickly.

February 24, 2025

What are Rentable vs Non-Rentable Units?

Rentable units are those actively leased or available for rent, while non-rentable units are uninhabitable, used for staff, or repurposed, impacting occupancy and revenue potential.

February 22, 2025

How is Additional Paid-in Capital (APIC) Used in Real Estate?

Additional Paid-in Capital (APIC) represents investor contributions above par value, providing real estate firms, REITs, and funds with additional equity for acquisitions, development, and financial stability.

February 22, 2025

What is a Standby Letter of Credit (SBLC)?

A Standby Letter of Credit (SBLC) is a bank guarantee ensuring payment in real estate transactions, providing financial security for loans, leases, and construction projects.

February 22, 2025

How Does the Perpetuity Formula Apply to Real Estate?

The perpetuity formula values real estate assets with stable, indefinite cash flows by dividing annual income by the required return rate.

February 22, 2025

How is Mark-to-Market Accounting Used in Real Estate?

Mark-to-market accounting values real estate assets based on current market prices, impacting financial reporting, investment decisions, loan collateral, and market volatility exposure.

February 22, 2025

What is a Promissory Estoppel?

Promissory estoppel prevents a party from reneging on a promise if another party reasonably relied on it to their detriment, and enforcing the promise is necessary to avoid injustice.

February 22, 2025
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