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18 Results for Tag: rental

Implicit Rental Rate

Implicit Rental Rate What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing operations instead of other alternative uses.

Implied Warranty Of Habitability

Implied Warranty Of Habitability What is 'Implied Warranty Of Habitability' An unstated guarantee that a rental property meets basic living and safety standards. When a tenant rents an apa

National Housing Act

National Housing Act What is 'National Housing Act' Federal legislation passed in 1934 to create the Federal Housing Administration (FHA). Its purpose is to make credit more available to l

National Association of Realtors – NAR

DefinitionThe National Association of Realtors, whose member brokers are known as realtors, is a North American trade association for those who work in the real estate industry. It has over

One Percent Rule

One Percent Rule What is 'One Percent Rule' A rule of thumb used to determine if the monthly rent earned from a piece of investment property will exceed that property's monthly mortgage pa

Calgary Dollar

DefinitionThe Calgary Dollar is a local currency in Calgary, Alberta, Canada. While functioning as a limited form of currency within Calgary, it is not legal tender nor is it backed by a nat

Passive Activity

Passive Activity What is 'Passive Activity' Passive activity is activity in which the taxpayer did not materially participate in during the tax year. Internal Revenue Service (IRS) defines

Parsonage Allowance

Parsonage Allowance What is 'Parsonage Allowance' An allowance designated by a church or other organization for its church professionals (clergy) for the expenses of providing and maintain

Passive Activity Loss Rules

Passive Activity Loss Rules What is 'Passive Activity Loss Rules' A set of rules that prohibits using passive losses to offset earned or ordinary income. Passive activity loss rules preven

Safe Deposit Box

DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally loca
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