Duplex at Real Estate Glossary

What is it? A structure that consists of two separate family units.

Real Estate Definition Added By: Destiny

Send To Friends!

If you'd like to send the Duplex definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Duplex. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Will-Sell Sellers is Unmotivated sellers who put their property on the market at an above-market price. Sellers who do not need to sell but will if the price is right.

Real Estate Term Index Method is The appraisal method of estimating building costs by multiplying the original cost of the property by a percentage factor to adjust for current construction costs. (See appraisal)

Real Estate Term Alienation Clause is A provision sometimes found in a promissory note or mortgage that provides that the balance of the secured debt becomes immediately due and payable at the option of the mortgagee upon the alienation of the property by the mortgagor. Alienation is usually

Real Estate Term Debt-To-Income Ratio is A borrowers monthly long term debt payments divided by the borrowers gross monthly income and expressed as a percentage. This ratio is used by lenders to determine if a loan applicant is qualified for the amount of the loan.

Real Estate Term Corrosive is A substance that eats or wears away materials gradually by chemical action.