Definition of Curable Depreciation in Real Estate is contained in the All Business Dictionary.
Making improvements at less cost is how to correct depreciation.The management of an aging strip shopping center makes a decision to upgrade the windows and walkway at a cost of $2,000 per unit.A rent increase of $100 per unit is estimated by management.The neighborhood gross rent is 120.120*100 is the value added by the improvements.Since the $12,000 unit value added more than the $2,000 unit cost of the improvements, this is curable depreciation.
Making improvements at less cost is how to correct depreciation.The management of an aging strip shopping center makes a decision to upgrade the windows and walkway at a cost of $2,000 per unit.A rent increase of $100 per unit is estimated by management.The neighborhood gross rent is 120.120*100 is the value added by the improvements.Since the $12,000 unit value added more than the $2,000 unit cost of the improvements, this is curable depreciation.
Net long-term profits of a real estate mutual fund are realized when the portfolio is sold at a gain.Fund managers make money from real estate sales.
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A legal mechanism is available for a person who can't meet his financial obligations....
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