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Glossary

Co-ownership terms, explained simply

116 terms covering fractional ownership, real estate finance, and everything in between.

A B C D E F G H I J K L M N O P Q R S T U V W Y Z

A

Absentee Ownership Acquisition Cost Amortization Annual Fees Appraisal Appreciation Assessment Fees Asset Management

B

Beach Home Co-Ownership Beneficiary Branded Residence Breach of Contract Buyback Option

C

Capital Gain Capital Improvements Cash Flow Closing Costs Co-Ownership Agreement Common Areas Condominium Conveyance Covenants, Conditions & Restrictions (CC&Rs)

D

Deed Deeded Fractional Ownership Depreciation Depreciation Recapture Design & Furnishing Fee Developer Dividends Due Diligence

E

Easement Encumbrance Equity Escrow Account Exchange Programs Exit Guarentee

F

Fair Market Value Fiduciary Duty Fixed Costs Foreclosure Fractional Interest Fractional Ownership Fractional Ownership Costs (incl. hidden fees)Fractional Ownership Financing Fractional Share

G

General Partnership Golf Home Co-Ownership Governance Gross Income

H

Home Equity Home Exchange (ThirdHome)Homeowners Association (HOA)Housekeeping

I

Insurance Interval Ownership

J

K

L

Leaseback Leverage Lien Limited Liability Company (LLC)Liquidity Loan-to-Value (LTV) Ratio

M

Maintenance Fees Managed Co-Ownership Management Company Market Analysis Market Value Minimum Share Size Mortgage Broker Multi-Property Access

N

Net Operating Income (NOI)Non-Recourse Loan

O

Occupancy Rate Occupancy Schedule Operating Agreement Operating Expenses

P

Passive Income Peak Date Guarentee Pre-Approval Principal Pro Forma Property Inspection Property Management Property Taxes

Q

Quarter Share Vacation Home (1/4 Share)Quorum

R

Real Estate Investment Trust (REIT)Refinancing Rent Roll Rental Pool Resale Value Reserves Return on Investment (ROI)Right of First Refusal Risk Management

S

Scheduling Fairness Securities and Exchange Commission (SEC)Shared Equity Shared Ownership Ski Home Co-Ownership Subletting Syndication

T

Tax Shelter Timeshare Title Title Search

U

Underwriting Usage Rights Utilities

V

Vacancy Rate Vacation Club

W

Warranty Warranty Deed

Y

Z