Real Estate / Business Glossary
"H" Dictionary Definition - What is a :
A lease between a landlord and a tenant which gives overall contractual responsibility to one particular tenant (head lessee). A head lease usually relates to an entire, multi-tenanted, sub-leased building and is usually for a longer term than the sub-leases.
The loan you get to buy your home, where the home is used as security. If you can’t repay the loan, the lender can sell the home to recover the loan money.
Bungalow - with front porch, bay window in the lounge and often a small round or leadlight feature window.
English - includes English cottage, two-storey mock Tudor homes, and ‘arts and craft’ homes with decorative art nouveau touches.
Modern – art deco style with curved plastered walls, windows set flush, flat roofs and distinctive angular decorations
New Zealand - plain but well built houses starting from the late 1930s with the “State House”.
Spanish – mission style homes featuring adobe style plastered walls, flat roofs, arched entrances and usually a tiled detail somewhere
Victorian Villa - with verandah, deep bay front rooms, sash windows, steep roofs and detailed iron or wooden fretwork