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INSPECTION A visit to and review of the premises. A prudent purchaser of property always inspects the premises before closing. DEPRECIATION (APPRAISAL) A loss in value due to any cause; any condition which adversely affects the value of an improvement. LESSEE The person to whom property is rented or leased; called a "tenant" in most residential leases. CANTILEVER A projecting beam or overhanging portion supported at one end only. BUSINESS OPPORTUNITIES Any type of business which is for sale. |
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