What is 'Relative Value' Relative value is a method of determining an asset's value that takes into account the value of similar assets. This is in contrast with absolute value, which looks only at an asset's intrinsic value and does not compare it to other assets.
What is a Tenant Estoppel? What exactly is a tenant estoppel? By definition, an estoppel certificate is a âsigned statement by a party certifying for anotherâs benefit that certain facts are correct, as that a lease exists, that there are no defaults, and that rent is paid to a certain date.
The UPCS contains the same defect definitions that are used in the HUD (Housing and Urban Development) REAC (Real Estate Assessment Center) PASS (Physical Assessment Subsystem) inspection. The REAC UPCS has become the accepted standard of multifamily properties and IRS tax credit throughout the country.