Tuesday, July 30, 2013

Real Estate Terms And It's Meaning (D)

Neeta Shah
Neeta Shah

A legal document conveying title to a property.


Failure to make mortgage payments regularly or to comply with other 

requirements of the mortgage.


A percentage of the purchase price given to bind the sale of real 



A decline in the value of property due to changes in market conditions 

or other clauses.

A cash expenditure for the purpose of settling a debt.

Disposable Income

Money left over after all expenses have been met.

Door Jambs

The vertical sides of a door frame.


The disbursement of mortgage funds provided by the Bank.

Dual Occupancy

A block of land which is zoned so that there two distinct dwellings are 

permitted by the Local Territorial Authority, to be constructed.


 semi-detached flat

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