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Simple English definitions for legal terms

gross-rent multiplier

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A quick definition of gross-rent multiplier:

Gross-Rent Multiplier: The gross-rent multiplier is a way to figure out how much a property is worth by comparing its market value to the amount of money it makes in rent each year. It's like a special calculator that helps people decide how much they should pay for a rental property. The gross-rent multiplier is also called the gross-income multiplier and is abbreviated as GRM.

A more thorough explanation:

Definition: The gross-rent multiplier (GRM) is a ratio that measures the relationship between the market value of a rental property and its annual gross rental income. It is used as a method to estimate a property's market value.

Example: If a rental property has an annual gross rental income of $50,000 and a market value of $500,000, the gross-rent multiplier would be 10 ($500,000 ÷ $50,000 = 10). This means that the property's market value is 10 times its annual gross rental income.

The gross-rent multiplier is a useful tool for real estate investors and appraisers to quickly estimate the value of a rental property. By comparing the GRM of similar properties in the same area, they can determine if a property is overpriced or a good investment opportunity.

gross-receipts tax | gross sales

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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