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What does the real estate term retirement mean?
In real estate, the term "retirement" typically refers to properties that are specifically designed or marketed for retirees and older adults. These properties often feature amenities and services tailored to the needs and preferences of this demographic, such as easy accessibility, security features, and community activities.
How does one grandfather in a contractor license?
Grandfathering in a contractor license typically means allowing individuals who do not meet the current requirements to obtain a license due to having previous experience or qualifications. This process is usually determined by the licensing board or authority, and specific criteria may vary depending on the jurisdiction. It is advisable to contact the licensing board directly for more information on the grandfathering process for contractor licenses in a specific area.
Where can I get help with elderly estate planning?
When considering estate planning, one should contact an estate planning professional. An estate planner should be certified and have a degree in law, finance or accounting. You should try to find an estate planner who specifically has experience in elderly estate planning.
Do you pay tax on rented property when you are retired?
Real estate taxes are charged to the owner of real estate not the renter. Indirectly the renter is paying for a portion of the real estate tax in the rental rate being charged by the owner. If your question concerns the renting of property that you own as a retired person, contact the local assessor in your city or county, as the tax laws vary by state within the United States.
What happens to a life estate if the homeowner goes into an assisted living facility?
If the homeowner with a life estate goes into an assisted living facility, the life estate continues to exist. The individual with the life estate retains the right to live in the property until their death, but may choose to temporarily or permanently vacate the property during their stay in assisted living.
What does BOE mean in real estate?
boe
What does NOI mean in real estate?
by the space
What does pending in real estate mean?
What does option pending mean?
What does real estate lease type RSF mean?
In real estate, RSF means rentable square feet.
What does real estate taxes mean?
The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.
In real estate what does LOB mean?
It could mean, "Line of Business".
What does ERA mean to a real estate broker?
Its the name of a real estate company. ERA. Not sure what that actually stands for though. sorry.
What does 'near freeway' mean in real estate?
That means that the real estate is located near the freeway. Freeway is synonymous with highway or expressway.
When a condo is off the market in real estate language what does this mean?
In real estate language this means that there is no active listing for the condominium, advertising it for sale.
Real estate---- What does the abbreviation 'pchg' mean?
Price change
What does props mean in real estate?
'props' is short for 'properties'.
What is the meaning of escrow in real estate?
I believe you mean 'escrow'.
