Across
- 2. A properties net operating income divided by the selling price is known as the __________ rate
- 3. Gross ____________ rent is the amount of rent an owner would collect if all apartments were occupied paying rent
- 5. For all leased units, the difference between market and actual rents is known as the loss to ________
- 7. A property whose rents are at or above market rates is known as a rent roll that is ______ out.
- 9. Name of the environmental report that will be required by a bank before providing any financing is known as a _______ One Report
- 14. Abbreviation for real estate given to properties which are owned by a lender after an unsuccessful foreclosure sale
- 15. An economic incentive given to a renter to encourage leasing an apartment is known as a rent _________
- 16. A type of property combining retail and residential apartments is known as a ___________ property
- 18. Garden apartment communities usually have a flat or _________ roof
- 19. Using borrowed funds to purchase a property to increase an owner's purchasing power is known as using ________
- 20. Decreasing an operating expense annually by $10,000 in a 5% cap rate market results in increasing gross property value by __________ hundred thousand
- 22. The abbreviation for revenue less all operating costs, excluding debt service, depreciation, capital expenditures and income taxes is known as the ________
- 24. A _____ search examines public records for the property history including sales, purchases, tax and other types of liens
- 25. The amount of the mortgage on a property is known as the
Down
- 1. The net operating income of a property divided by the cap rate equals the properties property _________
- 4. Abbreviation for a property where the owner pays for all utilities is known as a __________ property
- 5. A contractor that is owed money by an owner can put a ______ on the property
- 6. _____________ is the process of paying off the mortgage balance by making regular debt service payments over time
- 8. The amount of units allowed to be built on a parcel of land is known has the properties ___________
- 10. Real estate taxes are generally computed by multiplying the tax rate by the properties ___________
- 11. The higher the cap rate the ______ the property value
- 12. 43,000 Square Fees = one
- 13. Abbreviation for an association that charges fees and manages a community or condominium
- 17. A market where supply significantly exceeds demand resulting in lower sales prices and rental rates is known as a _________market
- 20. The number of move-outs or units vacated during a specific time period and the total number of units in a property is known as the ________ ratio
- 21. The ease which an asset can be converted into cash
- 23. The amount of rent that could have been collected from vacant units if they had been occupied is known as the ___________ loss
- 26. The _____ rate is the net operating income to property value