Planned Communities – David Reecher Planned communities is a broad term used to describe any a town or neighborhood that is built with guidelines and common goals. This is a trend that began in ...Read More
PITI (Principal, Interest, Taxes, Insurance) – David Reecher The term PITI is an acronym that comes from principal, interest, taxes, and insurance. A lender will calculate these costs to give a ...Read More
Pest-Control Inspection – David Reecher Though many people will get inspections for other types of pests, a traditional pest-control inspection looks for termites. This is generally a required p...Read More
Personal Property – David Reecher Personal property is any piece of property within the home that is movable. This might refer to appliances like refrigerators and washing machines. It might als...Read More
Percentage Lease (Used in Retail Only) – David Reecher A percentage lease is a type of rental agreement that is most commonly executed between a landlord and tenant for the rental of retail prop...Read More
Per-Diem Interest – David Reecher Per-diem interest is the amount of interest charged on a loan on a daily basis. When someone borrows money, the lender charges a certain percentage of interest....Read More
Patent Defect – David Reecher A patent defect is an important and tangible problem with a piece of real property. This would not include little problems with fixtures on the property; rather, it...Read More
Passive Loss – David Reecher Passive loss results from a business activity in which an individual or entity does not actively engage such as renting out real estate by an individual who is not i...Read More
Partnership – David Reecher There are different ways that two individuals who are not married can enter into a partnership to acquire a piece of real estate together. A live-in partnership has b...Read More
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