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Percentage lease is a type of lease in which the lessee pays a base lease plus a percentage of profits created from any service done in the same rental premise. Find out 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 portion of earnings created from any organization performed in the same rental property. Read More

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Real Estate Investment Trust (REITs)

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Affordable HousingAffordable housing refers to housing systems that are cost effective by that area of society whose earnings is below the typical home earnings. Description: Though various nations have various meanings for budget-friendly housing, however it is mostly the very same, i.e. budget-friendly housing should deal with the housing needs of the lower or middle earnings households. Affordable housing becomes an essential problem e

Agreement Of SaleAn agreement of sale constitutes the terms of sale of a residential or commercial property by the seller to the purchaser. These conditions include the amount at which it is to be sold and the future date of full payment.Description: Being an important document in the sale deal, it allows the procedure of sale to go through with no difficulties. All the conditions included in the agreeme

Automated Underwriting: This is a loan underwriting decision that is totally computer-generated. Description: It is unreasonable to expect no mistakes from humans. Whenever a financial organization receives loan application, processing it and taking the appropriate choice regarding its sanction are rather time consuming and prone to human errors. On the other hand, automated underwriting includes screening of loan applic

Balloon Mortgage: A balloon mortgage is a financing mechanism where the payments are not completely amortized over the regard to the loan. Sometimes the debtor needs to pay only the interest on the loan. As the loan is not totally amortized, the customer requires to pay a big sum of money at maturity, in many cases the full principal, in order to close the loan. As the closure quantity is often big, this is called ballo

Base RentBase lease is the minimum lease that applies in a leased residential or commercial property and payable to the property owner. This rent undergoes modification 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 carried out in accordance with the conditions of the lease agreement.Check out: Direct To Home Definition, Non Tax Revenue Defi

Bridge LoanBridge loan is a kind of gap funding plan where the customer can get access to short-term loans for meeting short-term liquidity requirements.Description: Swing loan help in bridging the space in between short-term money requirements and long-term loans. These loans are normally extended for a period of 12 months. These loans are supplied at exorbitant rate of interest and are usually back

Broker is the definition of a broker?A broker is a person or business who works as a go-between for just a client and a stock market. Personal traders and investors make use of the assistance of exchange members given that stock markets can not accept orders from individuals or organizations that are members of the exchange.Brokers will provide service and are paid in a range of methods, including commissions, charges,

Bungalowngalow?A bungalow is a glamorous, contemporary, and mostly a single-storied structure. There may be upliftment in the flooring crafted into a sloped roofing system in some cases. Bungalows originated due to the requirement of modern-day houses, which the working-class individuals might easily afford.Bungalows are of lots of types, typically consisting of a single story. An extra half story with a sloped roofing may be included in

Capital LeaseCapital lease is a lease agreement in which the lessor agrees 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 possession to the lessee at the end of the lease term. The lease contract offers the lessee a bargai

Capitalization RateCapitalization rate, commonly called cap rate, is a rate that assists in examining a realty investment.Cap rate = Net operating earnings/ Current market price (Prices) of the assetDescription: Capitalization rate reveals the potential rate of return on the genuine estate financial investment. The higher the capitalization rate, the much better it is for the financier. Net operating income, one of the metrics

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