Terms Beginning With - U
Property Development & Investment Glossary, Terms & Definitions
A person or company in charge of coordinating the process of raising funds from investors.
An ownership right to share a property's use and possession with others.
Free and clear ownership to the property.
An obligation made by one party that is conditional on the performance of another party, although the second party is under no duty to perform.
Land that hasn't been improved in any way.
In a limited company, a pro-rated portion of ownership. A solitary residence.
The item was purchased with cash.
A limited partnership that invests in a property that is debt-free or has a mortgage of less than 50%.
Unpaid mortgage principal
The loan's outstanding balance.
The difference between the present market value and the cost of an item that has not yet been sold.
Any space on a specific floor that a tenant may use. This region encompasses the space between the perimeter glass line and the demising walls, as well as the column spaces inside that space.
The genuine economic value of a structure in terms of years of usage to the owner, as determined through appraisal for the purpose of selling.
A clause in a lease that specifies how the leased space will be utilised.
A lender's charge of excessive interest, as defined by state law.
Electricity, gas, water, sewage, and telephone are examples of essential services.
A right-of-way for the purpose of laying the utilities.