This is the average annual effective rent (which is calculated by dividing the tenant's total rent by the lease term) divided by the square footage.
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1031 Exchange – Identification Period
A requirement for a valid 1031 exchange is the proper identification of replacement property. From the time a buyer acquires the relinquished property, you have 45 calendar days to find a replacement property in order to complete...
Acknowledgment
This refers to a declaration made by a person affirming that they acted on their own free will. This is usually made to a notary public or other public officials who are authorized to take acknowledgments. Acknowledgments are...
1031 Exchange – Constructive Receipt
Constructive receipt occurs when the person completing their 1031 exchange has procured the right to receive and control the sales proceeds--directly or indirectly. This is not an ideal situation as it violates one of the rules...
Application
This is an oral or written initial statement for the type of loan you need. This is made in line with procedures utilized by a financial institution for the kind of credit requested.
Asking Rent
This is the amount requested by landlords for available space. In most parts of the country, this is often expressed in dollars per square foot per year. It is paid per month in areas such as California and other selected markets.
Assets under management
These refer to the total market value of the investments of a client that are managed by a person or entity on their behalf. They include hedge funds, mutual funds, bank deposits, and cash. AUMs fluctuate on a daily basis as they...
Actual eviction
This refers to the physical banishment of a person from a piece of land or a rental property. Actual eviction is the physical ouster of a tenant from the premises they have leased. After this, the tenant is relieved from their...
Ultra-Affluent Clients (Switzerland)
Hello. This is Richard Wilson coming to you from the Swiss Alps here in Switzerland and also the Family Offices Group. And what I wanted to share with you today is a definition of ultra-affluent clients. Oftentimes it’s...
