Sep 09 2009
Real Estate Terminology (C)
CANCELLATION CLAUSE:
Provision in a contract that gives one or more parties the right to terminate the contract if a specific event occurs.
CAPITAL IMPROVEMENT:
Value enhancing work carried out on a capital property.
CAPITAL:
The working money in a business venture.
CARRYING CHARGES (COSTS):
The expense required to maintain a property over a given period of time, including property taxes, maintenance, insurance payments, interest charges on financing, etc.
CASH FLOW:
Description of the net income from a property after all expenses of holding and carrying the property are paid.