Often interchangeable with investment analysis. Both studies forecast property revenues and expenses. A feasibility analysis is more often undertaken as part of the highest and best use study for proposed property use.
(Dictionary of Real Estate Appraisal, 4th edition.)
A tax on the estate or wealth of a deceased person that is usually computed as a percentage of the market value of the assets of the estate.
(Dictionary of Real Estate Appraisal, 4th edition.)
An interest in real property that conveys use, but not ownership, of a portion of an owner’s property. Access or right-of-way easements may be acquired by private parties or public utilities. Governments dedicate conservation, open space, and preservation easements.
(Dictionary of Real Estate Appraisal, 4th edition.)
The following are the many types of easements that may encumber real property:
| • Affirmative Easement | • Pipeline Easement |
| • Ancillary Easement | • Pole Line Easement |
| • Appurtenant Easement | • Preservation Easement |
| • Avigation Easement | • Private Way of Necessity |
| • Clearance Easement | • Rail Easement |
| • Conservation Easement | • Reciprocal Easement |
| • Cross Easement | • Right of Drainage |
| • Discontinuous Easement | • Right of Entry |
| • Drainage Easement | • Right of Re-entry |
| • Drip Easement | • Right-of-Way |
| • Easement Appurtenant | • Scenic Easement |
| • Easement by Prescription | • Servient Estate |
| • Easement in Gross | • Sewer Line Easement |
| • Façade Easement | • Sight Line Easement |
| • Flowage Easement | • Slope Easement |
| • Highway Easement | • Solar Easement |
| • Line of Sight Easement | • Subsurface Easement |
| • Negative Easement | • Surface Easement |
| • Non-Appurtenant Easement | • Temporary Easement |
| • Overhead Easement | • Utility Easement |
| • Permanent Easement | • Water Line Easement |
| • Perpetual Easement |
Cost segregation is a powerful and necessary part of accurately calculating depreciation for real property. Recent changes in tax regulations make cost segregation more attractive and allow it to be implemented years after the completion of a real estate purchase. Commercial real estate owners can generate meaningful federal income tax reduction by using catch-up depreciation for buildings acquired or built after 1986. This implies the level of tax deductions, affecting a large tax cut.
Any physical, chemical, biological, or radiological substance in the soil, water, or air.
(Dictionary of Real Estate Appraisal, 4th edition.)
The act of being employed or involved in giving professional advice to the public or to those practicing the profession: a consulting physician; of, pertaining to, or used for consultation: a physician’s consulting room.
(https://dictionary.reference.com/browse/consulting)
A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor’s assets are measured and evaluated, whereupon the assets are used to repay a portion of outstanding debt. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations incurred prior to filing for bankruptcy.
Improved or unimproved land that is devoted to or available for the production of crops and other products of the soil, e.g. fruits, timber, pasture, and buildings for livestock.
(Dictionary of Real Estate Appraisal, 4th edition.)
According to the guidelines, an appraiser is required to pass an appropriate state examination and to meet the certification standards of the Appraiser Foundation’s Appraiser Qualification Board. When these guidelines are violated and litigation is pursued, we are prepared to provide litigation support as experts, in the appraisal industry, to attorneys for either the plaintiff or defendant.
An