Month: August 2019
Use Variance
Use Variance – David Reecher Use variance is the permission to use the land for a purpose which, under the current zoning restrictions, is prohibited.... Read More
Useful Life
Useful Life – David Reecher Useful life is the period of time that a property is expected to be economically useful.... Read More
U.S. Department of Housing and Urban Development (HUD)
U.S. Department of Housing and Urban Development (HUD) – David Reecher A federal agency that administers funding for projects related to housing.... Read More
Unrelated Business Taxable Income (UBTI)
Unrelated Business Taxable Income (UBTI) – David Reecher A special federal tax levied on investment income generated from property held in a pension plan in which there is a mortgage. The ... Read More
Unity of Title
Unity of Title – David Reecher Unity of title occurs when co-owners have the same type of ownership in a property.... Read More
Unity of Possession
Unity of Possession – David Reecher Unity of possession occurs when all co-owners have the right to possess any and all portions of the property owned, without physical division.... Read More
Unity of Interest
Unity of Interest – David Reecher Unity of interest occurs when co-owners all have the same percentage of ownership in a property.... Read More
Unencumbered Property
Unencumbered Property – David Reecher Unencumbered property is property that is free of any lien.... Read More