Real Estate Terms [21]

Sep 19, 2011     Posted under: Investment






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Dear Load: Weight of a building, including all permanently affixed structures or appliances but not including the weight of movable things that are placed on or in it

Debt Amortization: The practice of adjusting the original cost of a debt instrument as principal payments are received and any purchase discount or premium is written off to income over the life of the instrument

Declining Balance Method of Depreciation: Also known as the Written Down (WD) value method of depreciation. In this, a fixed percentage of the residual value of an asset is written off every year

Deed: Legal Document, usually pertaining to the ownership of a property

Deed of Trust: Document recording the terms of a trust

Defective Title: Title that is flawed /inconsistent and has regulatory and ownership issues

Defects Liability Period: A specified term (normally 12 months) following practical completion of a facility. During this term, the contractor remains responsible for rectifying any defective work

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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