Option to Purchase
Option to Purchase – David Reecher Contract that gives one the right, without any obligation, to purchase a property, within a certain period of time and at a certain price, subject to conditions.... Read More
Option Listing Agreement
Option Listing Agreement – David Reecher A contract, given for a consideration, where an optionor gives an option to the optionee for the right, but not the obligation, to purchase property within a... Read More
Opinion of Title
Opinion of Title – David Reecher A certification, usually from an attorney, as to the validity of title to property being sold, after examining the abstract of title. The opinion of title is essenti... Read More
Operating Leverage
Operating Leverage – David Reecher Automatic increases in the net operating income or cash flow of income-producing real estate when income and expenses increase at the same rate; further enhanced w... Read More
Operating Lease
Operating Lease – David Reecher Regular rental of property between the lessee and lessor for a fee. An operating lease does not satisfy the criteria for a capital lease... Read More
Operating Expenses
Operating Expenses – David Reecher Amounts paid to maintain property, such as property taxes, utilities, hazard insurance, repairs, maintenance, legal, management fees, etc.... Read More
Operating Expense Ratio
Operating Expense Ratio – David Reecher Mathematical equation obtained by dividing operating expenses by gross income.... Read More