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Percentage lease is a type of lease in which the lessee pays a base rent plus a percentage of revenue generated from any business carried out in the same rental facility. Read More

What is 'Residential or commercial property'

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PROPERTYWHAT IS PROPERTYPROPERTY TYPESPROPERTY DEFINITION
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Percentage lease Percentage lease is a type of lease in which the lessee pays a base lease plus a percentage of earnings produced from any business performed in the very same rental facility. Learn more

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Real Estate Investment Trust (REITs)

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Affordable HousingAffordable housing refers to housing systems that are affordable by that section of society whose income is below the mean family income. Description: Though different nations have different meanings for affordable housing, but it is mostly the exact same, i.e. budget-friendly housing ought to resolve the housing needs of the lower or middle earnings families. Affordable housing becomes an essential problem e

Agreement Of SaleAn agreement of sale constitutes the terms and conditions of sale of a residential or commercial property by the seller to the buyer. These terms and conditions consist of the quantity at which it is to be offered and the future date of complete payment.Description: Being an important file in the sale transaction, it enables the process of sale to go through with no obstacles. All the terms consisted of in the agreeme

Automated Underwriting: This is a loan underwriting decision that is absolutely computer-generated. Description: It is irrational to expect zero mistakes from human beings. Whenever a banks gets loan application, processing it and taking the appropriate decision regarding its sanction are quite time consuming and vulnerable to human errors. On the other hand, automated underwriting includes screening of loan applic

Balloon Mortgage: A balloon mortgage is a financing system where the payments are not totally amortized over the regard to the loan. Sometimes the customer needs to pay only the interest on the loan. As the loan is not completely amortized, the customer needs to pay a large amount of money at maturity, in many cases the complete principal, in order to close the loan. As the closure amount is frequently big, this is called ballo

Base RentBase rent is the minimum lease that is applicable in a rented residential or commercial property and payable to the proprietor. This rent is subjected to revision from time to time.Description: Normally the base rate escalation of the residential or commercial property is calculated on a yearly basis. The escalations are performed in accordance with the terms and conditions of the lease agreement.Check out: Direct To Home Definition, Non Tax Revenue Defi

Bridge LoanBridge loan is a kind of gap financing arrangement wherein the customer can get access to short-term loans for meeting short-term liquidity requirements.Description: Swing loan assist in bridging the space between short-term money requirements and long-term loans. These loans are typically extended for a duration of 12 months. These loans are offered at outrageous rate of interest and are normally back

Broker is the meaning of a broker?A broker is a person or business who works as a go-between for just a customer and a stock exchange. Personal traders and investors make use of the assistance of exchange members because stock markets can decline orders from individuals or companies that are members of the exchange.Brokers will offer service and are paid in a range of approaches, including commissions, charges,

Bungalowngalow?A cottage is a luxurious, modern, and mainly a single-storied building. There might be upliftment in the flooring crafted into a sloped roofing in some cases. Bungalows came from due to the necessity of modern-day houses, which the working-class individuals might quickly afford.Bungalows are of many types, usually consisting of a single story. An additional half story with a sloped roofing might be consisted of in

Capital LeaseCapital lease is a lease contract in which the lessor consents to transfer the ownership rights to the lessee after the completion of the lease duration. Capital or finance leases are long term and non cancellable in nature. Description: In a capital lease, the lessor moves the ownership rights of the property to the lessee at the end of the lease term. The lease arrangement provides the lessee a bargai

Capitalization RateCapitalization rate, frequently called cap rate, is a rate that helps in evaluating a genuine estate investment.Cap rate = Net operating income/ Current market price (List prices) of the assetDescription: Capitalization rate shows the possible rate of return on the property financial investment. The higher the capitalization rate, the better it is for the financier. Net earnings, one of the metrics

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