Lease in a cooperative apartment building, the lease a corporation provides to the stockholders, which allows them to use a certain apartment unit under the conditions specified.
Proprietorship
Ownership of a business, including income-producing real estate, by an individual, as contrasted with a partnership or corporation.
Prospect cards
File of prospective real estate customers showing their address, telephone number, time and date of last contact, types of properties in which they are interested, and their financial capabilities.
Prospectus
A printed descriptive statement about a business or investment that is for sale, to invite the interest of prospective investors. Document that must accompany a new issue of securities for a real estate company or partnership and must include the same information in the registration statement, such as a list of directors and officers, financial statements certified by a CPA, underwriters, the purpose and use for funds, and other relevant information.
Protect
To shield from injury, danger or loss.
Protected membrane roof (pmr)
A roof assembly in which the insulation and ballast are placed on top of the membrane component. Commonly referred to as an "inverted roof assembly.".
Protection board
Heavy asphalt impregnated boards which are laid over bituminous coatings to protect against mechanical injury.
Protective clothing
Clothing which is intended to prevent injury when working on a specific job.
Protective coating
Coating which is intended to provide protection against the elements.
Protective covenants
Statement in a deed that specified actions or improvements can or cannot take pace on a given property. The covenants may stipulate the use of the property, restrict the number of occupants and prohibit certain actions. Alternately, an agreement restricting specified financial transactions.
