Property Depreciation Insurance Insurance protection for the replacement cost of damaged property. Thus, the accumulated depreciation is not subtracted in determining the amount of reimbursement. A legally acceptable description of real estate including metes and bounds, government rectangular survey, or lot numbers of a recorded plat. All property deeds have a legal description. Property Insurance Insurance affording protection against losses due to damage to or destruction of property or contents therein.
Insurance protects assets and any future income thereon from loss, such as a fire, etc.
Property Inventory A listing of all assets a person or business own, their cost and appraised value. Property Line Official dividing line between two properties. Legal boundary of property. The operation of property as a business, including rental, rent collection, maintenance, etc. Property Report Required by the Interstate Lane Sale Act for the sale of subdivisions of 50 lots or more, if the subdivision are not otherwise exempt.