Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances require payment in advance for the following period.
Similar Posts
CRE WORD OF THE WEEK
Here is our new Word of the Week! Take a look at Absorption; measured by a property’s square footage, absorption explains the rate of leased up or vacated properties.
CRE WORD OF THE WEEK
Hello, Its Word of the Week Wednesday! Today we have Land Assemblage, where 2 or more parcels of land that are adjacent can be combined into one parcel of land. This can give buyers greater development opportunities and sellers obtain higher values on combined land.
CPR Team Member Closes 123 Acre Land Sale in Pasco County
Commercial Partners Realty is pleased to announce the sale of 123 acres of retail and multifamily land in the first phase of a mixed-use development on the State Road 54 corridor in Pasco County. CPR Team member Jim Engelmann represented the sellers, Smith HV & Smith MV Co-Trustees & Dolcimascolo MM et al, in the…
CPR Represents Seller in Sale of Industrial Building in St. Petersburg for $1,200,000.
Austin Karrick, CPR’s Industrial specialist, represented the seller, Industrial Leasing Corp., in the sale of a 15,300 sf Industrial building for the full asking price of $1,200,000. The property is located at 3131 Morris St N, which is situated in the high demand area of St. Petersburg, and is only minutes away from the I-275…
CPR Represents Seller in $4,000,000 Sale of Land Property in Odessa.
Commercial Partners Realty, Inc. announced today that Pasco land specialist, Jim Engelmann, represented PWS, LLC in the sale of approximately 10 acres of land on State Road 54 in Odessa, Florida. The transaction closed in mid-September for $4,000,000. Located along the highly desirable State Road 54 Corridor in Pasco County, the property is positioned midway…
CPR is Hiring!
Commercial Partners Realty is looking to hire ambitious and motivated sales associates to join our team in the Tampa bay area! Contact us if you’re Interested at https://www.commercialpartnersrealty.com/available-positions/