Operating Expenses

Operating Expenses – David Reecher Operating expenses are any expenses that are incurred for the upkeep of a rental income. Some common expenses include maintenance, taxes and insurance. Hiring ... Read More

Open Listing

Open Listing – David Reecher Property owners have several options for listing their property for sale. They may choose an open listing, which allows any agent to show and sell their property. Th... Read More

Open House

Open House – David Reecher A set period of time that the Realtor opens the house to the public for viewing. Open houses are often publicized in newspapers, signage, and other means to bring in a... Read More

Offer To Purchase

Offer To Purchase – David Reecher In real estate, an offer to purchase is a commitment by a buyer to enter into a contract of sale for a property. The offer is often accompanied by a substantial... Read More

Occupancy Cost

Occupancy Cost – David Reecher Occupancy cost refers to the total cost to a tenant who occupies a space, including the total rent that he or she pays. It might also include any required maintena... Read More

Notice of Default

Notice of Default – David Reecher A notice of default is a public court filing wherein a mortgage borrower is notified that his or her payments are overdue because the predetermined deadline has... Read More


Note – David Reecher A note is a legal document that a borrower signs promising that he or she will repay a mortgage loan at a specific interest rate over a set period of time. The note is also ... Read More