Commercial and Business Real Estate in Lockleys

assignment
The transfer of rights to pay the debt from one party to another, with a original party remaining liable for a debt if a second party defaults.

cooperating broker
A real estate broker who finds the buyer for the property listed by another broker.

project budget
A fiscal outline which includes a construction budget and all costs for land, furniture, equipment, financing, professional services, contingencies, and owner-furnished goods and services.

property tax
Tax paid on privately owned property. Property taxes may be usually paid semiannually, or monthly if a lender requires. a amount is based on local tax rates and assessed property value.