Profit from the sale of an asset.
Multi-tenant building owned by a corporation; tenant buys shares of stock and in exchange receives a proprietary lease that allows possession.
Difference between market value and total debt on the property.
Parts of a property, where use and ownership is shared or "in common" among all the owners of individual units. (i.e. Lobby, elevator and pool in a condo complex.)
Development where individual units are separately owned and ownership of the common areas and the land is shared among all the individual unit owners.
Proprietary Lease (in cooperative)
Document, used in cooperatives, that gives a shareholder the exclusive right to occupy a particular unit.
Ownership interest sold in annual occupancy intervals, typically by the week.