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5 Cards in this Set
- Front
- Back
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NET INCOME
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INCOME ARRIVED AT AFTER DEDUCTING EXPENSES FROM GROSS INCOME
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NET LEASE
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A LEASE WHERE TENANT NOT ONLY PAYS RENT BUT ALSO MAINTENANCE AND OPERATING EXPENSES
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NET LISTING
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A LISTING AGREEMENT WHERE BROKER RECIEVES AS HIS COMMISSION ALL MONIES OVER THE AMOUNT OWNER WISHES TO REALIZE FROM THE SALE OF THE PROPERTY-ILLEGAL IN MOST STATES
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NONCONFORMING USE
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A PERMITTED USE OF PROPERTY THAT NO LONGER CONFORMS TO CURRENT USE REGULATIONS DUE TO CHANGE IN ORDINANCE
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NOTE
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EVIDENCE OF A DEBT, WHERIN THE BORROWER SIGNS A DOCUMENT STATING THE AMOUNT OF THE LOAN, INTEREST RATE, INTEREST RATE, METHOD OF REPAYMNET, AND OBLIGATION TO REPAY
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