Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances require payment in advance for the following period.
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CRE WORD OF THE WEEK
Morning everyone! It’s Word of the Week Wednesday again! Let’s look at floor area ratio. Floor area ratio, or FAR, is the connection between the total square footage of a building and the total square footage of the land parcel on which the building is located.
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