Land can refer to real estate or property, less buildings and equipment, that is marked by fixed spatial boundaries.
In the economy, land is the main factor of production, along with capital and labor.
Land itself is a valuable resource, but if it is supplied with other natural resources such as oil and gas, its value increases.
Investing in development land can be costly and risky, but can also be a source of profit and recognition.
Risks associated with land development can be related to taxation, regulatory restrictions on use, renting and selling property, and even natural disasters.
The 48 Hour Rule refers to the part of the mortgage allocation process related to the purchase and sale of Mortgage Backed Securities (MBS) to be announced (TBA).
A major improvement is a long-term upgrade, adaptation, or improvement to a property that adds value to it, often including structural changes or restoration.
Effective gross income is calculated by adding the potential gross rental income to other income and subtracting the vacancy and loan costs of the rental property.
A land lease is a contract whereby the tenant can develop the property for the duration of the lease, after which it is transferred to the property owner.