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Double Net Lease: What Is It and how Does It Work?
The double net lease, which is also called the "NN" or "net-net" lease is a type of lease agreement where the tenant is responsible to pay premiums to insure a building and property taxes. Unlike the single net lease, which is one that only requires the tenant to pay the property taxes, this option passes more costs to the tenant in the form of insurance payments.
How To Prepare A Home For Renting
Renting out your home isn’t easy. It takes careful planning, and you have to ensure that it’s in good shape to attract tenants easily. Preparing your home for renting won’t only allow you to get the best possible tenants; also, once you provide your property a makeover
NAR Partners with Morgan Stanley to Deliver Financial Wellness and Planning Resources to Realtors
The National Association of Realtors®, together with global financial services firm Morgan Stanley, announced today that it is offering investment guidance and other financial wellness
NYS Office of General Services Celebrates 60 Years of Service to New York and...
New York State Office of General Services (OGS) Commissioner RoAnn Destito today announced that OGS is celebrating is 60th birthday with an online exhibit titled “OGS: Stronger at 60.” The virtual exhibit at www.ogs.ny.gov takes viewers from the beginning of agency operations on October 1, 1960, through its participation in New York State’s ongoing response to the COVID-19 pandemic this year.
Saving for Your First Home in California
Saving for your first home can seem like a daunting task and it often begins with saving for your down payment. A down payment on a home is ideally 20% of the market selling price of the home; it’s at this amount that you can usually avoid paying private mortgage insurance (PMI), an additional monthly cost for borrowers who put down less than 20%.
Do I Need Personal Liability Insurance for My Property?
When you own a property, you have a lot of responsibilities which you must deal with. You have to maintain and look after that property, as well as ensure that it is safe. You’ll want to ensure that you have secured your home for the whole family
Federal Housing Administration Announces Guidance for Insuring Single Family Home Mortgages in Forbearance
The Federal Housing Administration (FHA) announced a new, temporary policy that provides guidance for lenders to obtain FHA insurance endorsements on mortgages where the borrower
How to Find the Best Mortgage Insurance
When it comes to owning a home, there is little doubt that one of the things that might keep you up at night is undergoing a natural or accidental disaster that dramatically impacts the value of your home
Are there still opportunities for a “jack of all trades” insurance expert?
Irrespective of your profession, either an underwriter, public insurance adjuster Miami, any individual working in the insurance industry requires a particular specialization to move ahead, according to a professional in the industry.
Commercial and Multifamily Mortgage Delinquencies Stay Low in the Fourth Quarter of 2019
Commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2019, according to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily
Costly Moving Mistakes to Avoid
Moving is an involving task that requires you at your best. You don’t want to arrive at your new place with broken or damaged items. To ensure you have a seamless moving, this article looks at some of the most common moving mistakes and how to avoid them.
NAR Announces New Cyber Liability Insurance Program for Realtors®
The National Association of Realtors® this morning announced a partnership with CyberPolicy® to deliver a new cyber liability insurance program designed to meet the unique needs of real estate professionals
10 Things To Consider Before Buying A House By The Beach
We all love going to the beach in summers. The cheerful sun, lukewarm water, and the overall scenic beauty of the seaside enthrall many. You can never say no to a trip to the beach. It is the perfect place to unwind and relax after a hectic week.
House Federal Funding Legislation Brings Certainty, Stability to Housing Market
National Association of Realtors® president Vince Malta issued the following statement after the House of Representatives today passed a spending package funding the federal government
OCC, FDIC New CRA Reform Proposal Misses the Mark
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) announced a proposal to reform the Community Reinvestment Act (CRA)—the landmark
FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
What Is My BFE and What Does It Mean for My Home?
What is the likelihood that you could experience dramatic flooding from storm surges or rising sea levels? Do you know? If you live near a body of water, then you need to ask, "What is my BFE?"
Tips on real estate agents insurance
The real estate business is always tricky and quite involving. It involves buyers and sellers of property and here, there is a process that must be followed. Most sellers are not ready to go through this process and therefore decide to choose another party (an agent) who helps them in the transaction and only involving them where necessary. A real estate agent job is not an easy one and worse still, it is very risky.
FACT SHEET: Why Should I Buy Flood Insurance?
Flooding from the Sept. 19 tropical storm resulted in more than 10,600 flood insurance claims being filed by Texas homeowners, business owners and renters. As of Oct. 29, policyholders have been paid 40 percent
5 Services Homeowners Need to Know About
Owning a home is a huge responsibility. There is no landlord responsible for fixing any problems. It’s in the owners’ hands which means keeping a house clean and maintained is up to the homeowners.
