Incumbrance – David Reecher Claim or lien or interest in a property that complicates the title process, interfering with its use or transfer. Restrictive covenants. Also spelled encumbrance....Read More
Incorporeal Property – David Reecher Legal interests and rights in real estate that do not include the right of possession, such as air and mineral rights, riparian rights, easements and access righ...Read More
Income Statement – David Reecher Profit and loss statement. Financial statement depicting a business entity’s operating performance and reports the components of net income, including sales of rea...Read More
Income Approach – David Reecher Method of appraisal for real estate based on the property’s anticipated future income; market value equals expected annual income divided by the capitalization rate...Read More
In Escrow – David Reecher Phrase used for the period in which the escrow agent communicates to both the buyer and the seller as to what documents or moneys have to be deposited with the escrow agent...Read More
Improved Land – David Reecher Land that has been developed for use and has had installation of such utilities as water, sewer, roads and building structures. These improvements make the raw land inc...Read More
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