Land and Fixtures thereon, like residential or commercial structures.
A clause in a lease that enables or prohibits a landlord from relocating a tenant to another suite in a building or shopping center.
|required minimum distribution||
The amount of a retirement account that must be withdrawn and taxed as of a certain age and each year thereafter.
|Return on Investment||
Profits measured as a percentage of the initial investment.
A document that exists to hold property during your lifetime and then transfer property automatically upon your death, thereby avoiding probate and potentially saving in estate taxes.
|Right of First Refusal||
The opportunity to match a price or set of terms offered and take the place of the offeror on specified terms.
|right of representation||
Dividing an estate according to a certain generation, each of which gets one share, and if a member of that generation is pre-deceased, his or her children receive pro-rata distributions of that one share.