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 – 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 – David Reecher Amounts paid to maintain property, such as property taxes, utilities, hazard insurance, repairs, maintenance, legal, management fees, etc....Read More
Open Occupancy – David Reecher Housing where purchase or lease is available to everyone regardless of race, ethnic origin, color or religion and affirmative action is actively pursued....Read More
Open Mortgage – David Reecher Mortgage that has matured or is overdue and, therefore, open to foreclosure at any time. Alternately, a mortgage that does not have a prepayment clause and permits the ...Read More
Open-End Mortgage (Deed of Trust) – David Reecher A mortgage or trust deed that can be increased by the mortgagee (borrower). The mortgagee may secure additional money from the mortgagor (lender) th...Read More
Open-End Loan – David Reecher A loan where the borrower may add to the principal without renegotiating the terms of the loan. Additional sums borrowed under the terms of an open-end loan will have t...Read More
Open-End Lease – David Reecher A lease contract providing for a final additional payment on the return of the property to the lessor, adjusted for any value change....Read More