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Rent
Rent arrears Term Meaning in Real Estate - Guide
If your rent is not paid, the money owed is called ‘rent arrears’
6 years ago
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Percentage lease Term Meaning in Real Estate - Guide
It is the type of lease in which the lessee pays a base rent along with a percentage of revenue generated from any business done in the same rental property
7 years ago
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Landlord Term Meaning in Real Estate - Guide
A man or woman who rents out property, land, a building, or an accommodation.
7 years ago
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Eviction Term Meaning in Real Estate - Guide
Eviction is the legal removal of the tenant by the landlord from his rental property
7 years ago
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Ground lease Term Meaning in Real Estate - Guide
A ground lease is an agreement which permits the tenant to develop a piece of property during the lease period
7 years ago
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Contingency clause Term Meaning in Real Estate - Guide
A contingency clause is a provision or clause in a contract that requires a specific event or action to take place for the contract to be valid
7 years ago
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Penal rent Term Meaning in Real Estate - Guide
Penal rent is the legal and financial penalty/rent that the tenant is obliged (under law) to pay in case he fails to pay the rent on time
7 years ago
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Open listing Term Meaning in Real Estate - Guide
When an apartment is for sale and the owner has not signed an exclusive agreement with a particular broker, the apartment is said to be under open listing
7 years ago
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Housing deposit Term Meaning in Real Estate - Guide
A holding deposit (or security deposit) is the sum of money you pay to the landlord, developer or the agent to reserve a rental property
7 years ago
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Leasable area Term Meaning in Real Estate - Guide
Actual square unit of a building that may be leased or rented to tenants
7 years ago
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Rental yield Term Meaning in Real Estate - Guide
Rental yiels is the income generated by renting out one's property.
7 years ago
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Brokerage
Brokerage is a fee or commission charged by a broker
7 years ago
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Co-Tenancy Clause Term Meaning in Real Estate - Guide
A co-tenancy clause states that if the key or anchor tenants in a mall leave or vacate the space then the residual tenants can reduce the amount of rent that they pay
7 years ago
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Rent Term Meaning in Real Estate - Guide
The amount of money paid on the account of using a property held or owned by another person. Rent is usually a monthly recurring expense.
7 years ago
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Rentals Term Meaning in Real Estate - Guide
Anything pertaining to rent e.g. rental agreement, rental deposit etc.
7 years ago
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Leave And Licence Meaning in Real Estate - Guide
A leave and license agreement is an agreement where the licensor and licensee mutually agree to have an arrangement of either temporarily occupy or use a certain portion of the immobile property for business or residential purposes.
7 years ago
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