Where does the word commercial real estate come from?
The word real estate means land and buildings built upon land. It is derived from a Latin work that refers to matter or thing. This also means real property. The document that transfers the title of real estate to the previous owner to the new one is called a deed. A professional opinion of the value for real estate is called an appraisal.
The term mortgage comes from the French language. The right to use the property of another owner for a particular purpose is called an easement. The consequence of a person who can't pay or defaults on a bank loan or mortgage agreement with a creditor of financial institution, is called a foreclosure. The improvement of homes to bring up property value is called gentrification.
The term mortgage comes from the French language. The right to use the property of another owner for a particular purpose is called an easement. The consequence of a person who can't pay or defaults on a bank loan or mortgage agreement with a creditor of financial institution, is called a foreclosure. The improvement of homes to bring up property value is called gentrification.
The capital gain that occurs when it comes to real estate is called profit from the sale of property. The word condominium is where the owner has a number of rooms on the general property that is collectively owned by a community of people. When property owners decrease the value of property over time and take the amount as a tax write off this is called amortization.
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