Property Development Articles

Terms Beginning With – zProperty Development & Investment Glossary, Terms & DefinitionsZoning A governing authority’s act that regulates the purposes for which property in a certain region may be utilised or developed.Glossary Index 

Terms Beginning With – YProperty Development & Investment Glossary, Terms & DefinitionsYield The profit earned on an investment over a specific time period is used to determine the rate of return.Glossary Index 

Terms Beginning With – WProperty Development & Investment Glossary, Terms & DefinitionsWarehousing a loanThe combining of many mortgages with the intention of selling them on the secondary mortgage market.WarrantyIn a contract, a commitment is made.Warranty deedAn agreement by the grantee to defend the premises against the valid claims of a third party, as well as

Terms Beginning With – VProperty Development & Investment Glossary, Terms & DefinitionsVacancy factorThe expected vacancy rate of a property.Vacant landLand that has not been renovated.VacateTo emigrateValueThe value or utility of a product or service.Variable expensesThe running costs that fluctuate depending on the property’s occupancy.Variable rate mortgage (VRM)A mortgage with variable interest based on a specified

Terms Beginning With – UProperty Development & Investment Glossary, Terms & DefinitionsUnderwriterA person or company in charge of coordinating the process of raising funds from investors.Undivided interestAn ownership right to share a property’s use and possession with others.Unencumbered propertyFree and clear ownership to the property.Unilateral contractAn obligation made by one party that is conditional on