Operating Lease
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
Operating Expenses – David Reecher Amounts paid to maintain property, such as property taxes, utilities, hazard insurance, repairs, maintenance, legal, management fees, etc.... Read More
Operating Expense Ratio
Operating Expense Ratio – David Reecher Mathematical equation obtained by dividing operating expenses by gross income.... Read More
Opening Escrow
Opening Escrow – David Reecher The deposit given by a buyer of property is delivered to the escrow agent, who retains it for the seller.... Read More
Open Occupancy
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
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)
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
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