Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

clear annual value

Read a random definition: sine die

A quick definition of clear annual value:

A clear annual value is the amount of money that a property earns in a year after all expenses, like taxes and mortgage payments, have been paid. It is important to know the clear annual value of a property when buying or selling it.

A more thorough explanation:

Clear annual value refers to the net yearly income that can be earned from a piece of property after all expenses, such as taxes and mortgage interest, have been paid. For example, if a rental property generates $50,000 in rent each year, but $10,000 is paid in taxes and $5,000 in mortgage interest, the clear annual value would be $35,000.

This value is important for property owners and investors as it helps them determine the profitability of a property. It can also be used by insurance companies to calculate the amount of coverage needed for a property.

For instance, if a property has a clear annual value of $35,000, an insurance policy may be written to cover that amount in case of damage or loss.

clear-and-present-danger test | clear chance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
10:37
i gotta change my username
10:37
not sure, the vid i sent used reddit as an example, however i guarantee they [adcoms] are aware of this site
LSD+ is ad-free, with DMs, discounts, case briefs & more.