Real Estate / Business Glossary
"P" Dictionary Definition - What is a :
A lease whereby all or part of the rental is derived as a percentage of turnover. This type of lease normally also incorporates a minimum or base rent and is generally restricted to retail premises.
Price by Negotiation
Price on Application
When you have paid for the home and have the right to move in. Early possession is when itís agreed you can move in before settlement date ó you might have to pay rent until then.
The date by which you must have left the house or business premises and handed over the keys to the new owner.
The amount of money you borrow, before interest is added.
This is a term in the mortgage document that gives the bank first right to a certain amount of money if your home has to be sold up.
If the property is being sold by the owner, instead of through an real estate agent.
The formal word used to refer to the buyer of the property.