Absorption Schedule Law and Legal Definition
Absorption schedule is a schedule which indicates the time required for available properties in a real estate market to be sold or leased. It considers the supply and estimated price range for the real estate in that particular market. An absorption schedule and a market study are used by developers and lenders to help predict the success of a particular real estate development.
The following is an example of a case law referring to absorption schedule:
An absorption schedule calculates the estimate remaining time to sell properties in a real estate market so that lots that are estimated to sell at some point in the future may be discounted in price to obtain a current market value. [Cox v. Hicks, 2001 Tenn. App. LEXIS 571 (Tenn. Ct. App. Aug. 7, 2001)].
