What Is Residual Property?

Answer Residual property includes all property of a deceased individual not specifically given to a beneficiary through a will. Whether it be money, household items or even pets, the residual property tec... Read More »

Top Q&A For: What Is Residual Property

What is the working average monthly income for a residual property management?

Is a property owner liable to others if there is fire on the owned property and the automatic sprinklers activate and cause water damage to the property of others?

It depends on how the lease is written. You may be liable if the damage was done as a result of actions caused by the landlord, and as such the landlord is responsible for the sprinkler system. How... Read More »

What is residual value insurance?

Residual value insurance protects the insured against a loss, which occurs if the value of a properly maintained asset is less than the insured residual value at a given point in time.References:Re... Read More »

What is residual land value?

An appraisal estimates residual land value by determining the net return attributable to any buildings on the land, then subtracting it from the total return attributable to the property. The diffe... Read More »