national do not call registrya registry, managed by the Federal Trade Commmission, that lists the phone numbers of consumers who have indicated their preference to limit the telemarketing calls they receive. |
negligent misrepresentationis basically fraud without the intent to misrepresent. It occurs when a false statement is made about a material fact by someone who was obliged to verify the accuracy of the statement. |
negotiable instrumentA written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payee's right to payment. |
net leasea tenant has to pay rent as well as cost incurred in maintaining the property, including taxes, insurance, utilities, and repairs. |
net listingthe seller will receive a net amount of money from the sale and any excess money goes to the broker as commission. Net listings are illegal in Georgia. |
net operating incomeis the annual "income" in the income approach formula.
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net-net leaseis a contract between landlord and tenant that shifts part of the cost of ownership to the tenant. In a net-net lease, the tenant will pay rent plus the tenant’s share of property taxes and insurance on the building. |
non-conforming useland presently used in such a manner that is inconsistent with a newly enacted zoning ordinance. Depending on the zoning ordinance, the right to a non-conforming use may terminate if the improvements are partially or totally destroyed. |
nonhomogeneitya lack uniformity. Real estate is considered to be nonhomogeneous because no two parcels of land are exactly alike. |
noteA financing instrument that states the terms of the underlying obligation, is signed by its maker, and is negotiable (transferable to a third party). |