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Real Estate Glossary

What does Operating Expenses mean?

Operating expenses are the ongoing costs associated with owning or operating a property, such as property taxes, insurance, utilities, and maintenance. These expenses are typically separate from the cost of purchasing the property and the cost of financing it. In commercial real estate, operating expenses are used to determine the overall expense of operating a property and to compare the costs of different properties.

Adjustment Period

Betterment

Break-Even Point

Broker

Buy-Down Mortgage

Condemnation

Contingency Contract

Credit History

Estimated Net Costs of Buying

Facade

Fully Amortized Adjustable-Rate Mortgage ARM

Grantee

Gross Lease

Hours of Operation (In a Lease)

Legal Blemish

Principle of Conformity

Seller's Market

Usury

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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Artur

Real Estate Assistant