Real Estate Glossary

Real Estate Glossary

There are 4 entries in this glossary.
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Term Main definition
Hard Dollars

The actual cash proceeds from a loan that are given to the seller. See Also: Soft Dollars

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Highest and Best Use

The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria "highest and best use" must meet are: legal permissibility, physical possibility, financial feasibility, and maximum profitability.

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Hold Over Tenant

A tenant who retains possession after the expiration of a lease.

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The acronym for Heating Ventilating and Air-Conditioning. Refers to the equipment used to heat and cool a building.

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