What is a DOM in bed?
What is a DOM in bed?
A dom prefers to be dominant during sex. A sub prefers to submit, i.e. to be dominated.
What is Dom Cdom?
DOM and CDOM Definitions. The following provides a brief description of the terms DOM – Days on Market and CDOM – Cumulative Days on Market. Days on Market – DOM. DOM represents the number of days that a specific listing for a property has been active on market. It reflects the current listing information.
What is Cdom in water?
Chromophoric Dissolved Organic Matter or Colored Dissolved Organic Matter (CDOM): Both refer to organic matter in water that absorbs strongly in the ultraviolet (UV) spectrum. Fluorescent Dissolved Organic Matter (fDOM) refers to the fraction of CDOM that fluoresces.
What does Tom mean in real estate?
Temporarily off Market
What is AG BG in real estate?
➥ AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds.
What does OTP mean in real estate?
You will need to submit an Offer To Purchase to the seller. Commonly known as an OTP, this is a document that contains all the terms and conditions attached to the purchase, setting out the sale agreement between the seller and the buyer of a property.
What does Pete stand for in real estate?
So for government powers, remember the acronym PETE: Police Power, Eminent Domain, Taxation, Escheat.
What does lf mean in real estate?
Common Abbreviations/Acronyms On Property Tax Bills
| Abbreviation | Description |
|---|---|
| LC | Land contract |
| LCH | Land contract holder |
| LE (LEST) | Life estate |
| LF TEN | Life tenant |
What is BOH approved?
Back of House
What does MOL mean in real estate?
More or less
What are the four powers of government that affects private ownership of real estate?
Well, I hope that helps you understand the 4 government powers a little better. Remember the acronym PETE, which stands for police power, eminent domain, taxation, and escheat.
What is zoning in real estate?
Zoning refers to municipal or local laws or regulations that govern how real property can and cannot be used in certain geographic areas. These laws can be modified or suspended if the construction of a property will serve to help the community advance economically.
What are improvements with regard to property?
Improvements to real property are generally developments of land or structures on property that do more than merely replace, repair or restore the original condition. Improvements are characterized as being permanent and adding to the value of the property.
Is carpet a repair or improvement?
Repair Versus Improvement According to IRS publication 527, any expense that increases the capacity, strength or quality of your property is an improvement. New wall-to-wall carpeting falls under this category. Merely replacing a single carpet that is beyond its useful life likely is a deductible repair.
Is painting a repair or improvement?
By itself, the cost of painting the exterior of a building is generally a currently deductible repair expense because merely painting isn’t an improvement under the capitalization rules.
What is depreciation of rental property?
Depreciation is the process used to deduct the costs of buying and improving a rental property. Rather than taking one large deduction in the year you buy (or improve) the property, depreciation distributes the deduction across the useful life of the property.
Should I take depreciation on rental property?
Technically, you are not required to claim it. But you are required to “recapture” depreciation allowed or allowable when you sell the property, in the future. That is, you will pay tax on the depreciation, when you sell, whether or not you actually claim it while you were renting it out.
Can you convert a rental property to a primary residence?
First, if you acquire property in a 1031 exchange and then convert it to your primary residence, you must own it at least five years before being eligible for the Section 121 exclusion. The couple rents the house for three years, and then moves into it and uses it as their primary residence for the next three years.
Should I pay off my rental property early?
In fact, it usually requires a lot of it. Once you pay off the mortgage, you lose access to that cash. It represents capital that can be used to purchase other rental properties. Paying off your current rental property early will certainly improve the cash flow on that particular investment.
How often should depreciation be recorded?
Depreciation is recorded by debiting Depreciation Expense and crediting Accumulated Depreciation. This is recorded at the end of the period (usually, at the end of every month, quarter, or year). Depreciation Expense: An expense account; hence, it is presented in the income statement.
What is the purpose of recording depreciation?
The purpose of recording depreciation as an expense is to spread the initial price of the asset over its useful life. For intangible assets—such as brands and intellectual property—this process of allocating costs over time is called amortization.
