Real Estate Glossary Business Dictionary Definition unconditional Unit Title

Site Last Updated
19 March 2010

"Just letting you know we have sold our business - Clever Cuts Hair Design, and could you please remove the advertisement from the web site. We are fortunate to have sold the business through your web site. Thank you for time, effort and advise. Cheers Julia Watkins"

Clever Cuts Hair Design
Auckland, New Zealand

"The above business has been sold, thanks to the Aorata web page. We handed over a couple of weeks ago and today have finished our obligations and best of all, received all the cash. We both wish to thank you for all advise and recommendations re the above, and ask that last question, please remove us from the 'FORSALE' section. Once again, many thanks and yes we have passed on and will continue to do so the benefits of Aorata. Cheers, Tony & Ann."

Counties Cycle & Model Centre
Pukekohe, New Zealand

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Real Estate / Business Glossary

"U" Dictionary Definition - What is a :

Unconditional
This means that the offer you have made on a property has no conditions attached to it, or the conditions have now been met. The contract is now legally binding and you are committed to buying the property on the agreed date, at the agreed price.

Unit Title
A unit title provides individual ownership or freehold title in multi-unit buildings. The main unit, such as an apartment, flat or office is known as the Principal Unit, while other associated units such as car parks are known as Accessory Units. There will also generally be areas of common ownership such as foyers, lifts and driveways etc, termed common property that are managed by the Body Corporate.