professor566Nov 16, 20231 minWhat is a Novation?A novation is new agreement that replaces an existing agreement. In real estate, novation is often used to modify the terms of a...
professor566Nov 15, 20231 minWhat is Net Operating Income?Net operating income (NOI) is the income a property generates after deducting operating expenses such as property taxes, insurance, and...
professor566Nov 14, 20231 minWhat is a Net Lease?A net lease is a type of rental agreement in which the tenant is responsible for paying some or all of the property taxes, insurance, and...
professor566Nov 10, 20231 minWhat is Market Value?Market value is the estimated price at which a property would sell in a competitive, open market after a reasonable amount of time of...