Real Estate Terms [19]

Aug 27, 2011     Posted under: Investment






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Convertible Securities: A debt or equity security that may under certain circumstances be exchanged for or converted into another security, generally common stock

Corporate Real Estate: Real estate held by a corporation to support its core business

Co-Signatory: Someone, usually the guaranteed, who signs a mortgage deed along with the person taking a loan. The liability for the loan falls upon the co-signatory in case the loanee defaults.

Cost-Plus Contract: A building contract where the price is based upon the estimated or actual cost of the works together with a proportion or agreed amount to represent the contractor’s profit

Co-Tenancy: Tenancy taken on by two or more parties

Co-Trustee: When a trust is managed by more than one trustee who have equal rights and powers they are called co-trustees

Covenant: Any agreement whether written or implied between two parties to engage in or refrain from a specified action

Covenant of Quiet Enjoyment: Clause in a lease which guarantees peaceful possession to a tenant

NitiN Kumar Jain

Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

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