Terms with Tag Realty

  • Percolation Test Date (PTD)Acronym,
      In relation to a Soil Percolation Test.
    • Planned Area Development (PAD)Acronym,
      • A zoning process governing the development of relatively large areas to provide for various types and combinations of land uses (single- and multi-family residential, commercial, industrial, recreational areas, open spaces, buffer zones, etc.)
    • Planned Unit Development (PUD)Acronym,
      • A planned unit development (PUD) is a combination of different yet compatible land uses within a single neighborhood, development, or subdivision.
    • Plat Definition,
      • A map that shows a parcel of land and how it is subdivided into individual lots. Plat maps also show the locations of streets and easements.
    • Possession Definition,
      • Something that is owned.
      • The condition of having signed all the papers at closing and having received keys to the house.
    • Potential Gross Income Multiplier (PGIM)Acronym,
      • Pre-paid Expenses Definition,
        • also called prepaid items or prepaids -- Recurring costs such as taxes, insurance and interest that are paid at closing and which cannot be financed.
      • Pre-sold Home Definition,
        • A house that is sold prior to construction as opposed to a house built on spec.
      • Present Market Value (PMV)Acronym,
        • Price Related Differential (PRD)Acronym, United States,
            A US real estate term.
          • Prince Edward Island Real Estate Association (PEIRA) Company Est. 1964, Prince Edward Island, Canada,
              Formerly the PEI Real Estate Brokers Association.
            • Principal, Interest, Taxes, and Insurance (PITI) Acronym,
              • Acronym for the elements of a mortgage payment: principal, interest, taxes and insurance.
            • Principle of Conformity Definition,
              • The notion that a house will fetch a fair price if it is situated among houses of similar size, style and condition.
            • Principle of Progression Definition,
              • The notion that a smaller house's value will be enhanced if it is near larger, fancier houses.
            • Principle of Regression Definition,
              • The notion that the value of a larger or fancier house will be reduced if it is near smaller, lower-priced houses.
            • Private Equity Real Estate (PERE)Acronym,
                Funds consisting of equity and debt investment in property.
              • Private Home Sales Associates (PHSA)Company, Canada,
                • Probate Sale Definition,
                  • Sale of property after the death of the owner, supervised by a court, with proceeds divided among creditors and heirs.
                • Production Home Definition,
                  • Homes that are mass produced as part of housing developments.
                • Professional Real Estate Agent (PREA)Acronym,
                  • Programmatic Environmental Impact Statement (PEIS)Acronym,
                    • Property Owners Association (POA)Acronym,
                      • Property Report Definition,
                        • A legal document prepared by a surveyor that shows the locations of all visible public and private improvements relative to property boundaries.
                        • A legal disclosure that developers of timeshare properties are required to give to prospective buyers.
                      • Property Tax Definition,
                        • A levy by a city on real estate and personal property whose amount varies depending on the property's value.
                      • Property Tax Credit (PTC)Acronym, Canada,
                        • Refundable tax benefit claimed on the personal income tax return designed to provide assistance for Canadians with low to moderate incomes.
                      • Property Value Definition,
                        • The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
                      • Proprietor Definition,
                        • The owner of a business or property.
                      • Province of Domicile Definition,
                        • The province where an individual lives or intends to live permanently or for a long term, regardless of the individual's current location.
                      • Prudential Real Estate Investors (PREI)Company Est. 1970,
                          The real estate investment management business of Prudential Financial.
                        • Public Record (PR)Acronym,
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