"O" Listings - Mortgage Glossary
- Offer to Purchase – Offer to purchase real estate, either for personal residence or for real estate investment...
- Office Property – Real estate zone for office parks or freestanding office buildings...
- Office Warehouse – Property that is zoned for use as an office warehouse...
- Operating Expenses – All expenses pertaining to the continuing operation of a business or real estate investment...
- Opportunity Cost – Cost of passing up an opportunity. May also be thought of as the increase in cost to purchase...
- Outlet Center – A Retail property subtype in which the property is occupied by multiple outlet-type or
discounter tenants grouped together...
- Original Basis – Price paid for a piece of real estate investment property or other property or tangible asset...
- Origination Fee – Fee paid when a mortgage is incurred. This fee is charged to ensure that the business...
- Overage Rent – The amount of a retail stores rent that is to be paid over the base rent that is based on...
- Owner Financing – When the seller of a real estate investment property "totes the note," or allows the buyer to make mortgage or loan payments...
- Owner Occupied – Identifies whether all or part of the property is occupied by the owner or any agent or representative of the owner...
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