Dictionary

Definition:   an agreement for the tenant to pay specified rent increases based on a predetermined index (CPI) at set future dates Pronunciation:   \ˈver-ē-ə-bəl\ \ˈlēs\ Used in a Sentence:   We si...

Definition:   the worth of something Pronunciation:   \ˈval-(ˌ)yü\ Used in a Sentence:    We sold the home for less than its full value.

Definition:   the money or a promise of something that can be measured in terms of money Pronunciation:     \ˈval-yə-bəl\ \kən-ˌsi-də-ˈrā-shən\ Used in a Sentence:    Valuable consideration is alwa...

Definition:    sufficient to be legally binding; enforceable Pronunciation:   \ˈva-ləd\ Used in a Sentence:   For a contract to be considered valid it must comply with the provisions of contract la...

Definition:   the percentage of rental units that are not occupied Pronunciation:  \ˈvā-kən(t)-sē\ Used in a Sentence:    The vacancy rate in the office building was less than 10%.

Definition:   a deduction from potential gross income for (1) current or expected future space not rented due to tenant turnover and (2) loss from uncollected rent due from delinquent tenants. Pron...

Definition:   a one time mortgage insurance premium on FHA mortgage loans that is paid at closing Pronunciation: Used in a Sentence:

Definition:   a general agent; one authorized to act on behalf of another Pronunciation:   \ˌyü-nə-ˈvər-səl\ \ˈā-jənt\ Used in a Sentence:    The seller appointed his attorney to act as his univers...

Definition:   individual prerequisites required to constitute a single joint tenancy Pronunciation:    \ˈyü-nə-tē\ Used in a Sentence:   A joint tenancy can only exist with the four unities of poss...