Commercial Real Estate Virginia Beach
Commercial Real Estate Virginia Beach
Commercial Real Estate Virginia Beach


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Real Estate Terms of the Day for Commercial Real Estate Virginia Beach



PERCENTAGE LEASE
A lease whose rental is based on a percentage of the monthly or annual gross sales made on the premises.

INTEREST
The sum paid or accrued in return for the use of money.

OPTION
An agreement to keep open, over a set period, an offer to sell or purchase property.

ARM
See Adjustable Rate Mortgage Loans.

GOOD FAITH
Bona fide. An act is done in good faith if it is in fact done honestly, whether it be done negligently or not.

WARRANTY
A guaranty by the seller, covering the title as well as the physical condition of the property.



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