Glossary   

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I
Improvements
Valuable additions made to property that add up to more than repairs, costing labor and capital, and are intended to enhance the value of the property.

Income and Expense Report
A financial report showing the income from the property, operating expenses and the amount distributed to the owner.

Incubator Space
A company that provides immediate office space and business guidance for new companies.

Indemnify
To restore to the victim a loss, in whole or in part, with payment, repair, or replacement.

Involuntary Lien
A lien formed by operation of law, such as a real property tax lien, judgment lien or mechanicís lien.