The period over which an entity expects to be able to use an asset, assuming a normal level of usage and preventive maintenance.

The reduction in a property’s value due to external circumstances (outside of the property’s boundaries), which may be caused by economic or locational factors; general ...

With reference to performance calculations:  the actual ownership interest in an investment, which may differ from the legal ownership and which reflects the post-promote shar ...

A given set of rules and/or institutions which are said to govern the economy as a system and account for its qualitative (static or dynamic) behaviors; can be defined in terms of ...

The typical age of a structure equivalent to the one in question with respect to its utility and condition, as of the appraisal date.

An individual's disposable income, consisting of salary and wages, dividends, interest, and other profits, less all government taxes and deductions.

The total income from a property generated by rents and other sources, less a vacancy factor estimated to be appropriate for the property; expressed as collected income before expe ...

With reference to performance calculations:  the actual ownership interest in an investment, which may differ from the legal ownership and which reflects the post-promote shar ...

May be achieved through a minority interest which is sufficiently large to achieve effective control, or through creditor, contractual, or regulatory relationships, which together ...

The actual rental rate to be achieved by the landlord after deducting the value of concessions from the base rental rate paid by a tenant, usually expressed as an average rate over ...