Saturday, August 17, 2013

Real Estate Term & it's meaning (O)

Manish Sheth
Manish Sheth
http://aasharealtor.blogspot.com  

Off The Plan

To purchase a property before it is completed 

after having only seen the plans.

Offer

Conveyed intent by one party to form a contract, 

which may have conditions and stipulations, 

with another party.

Offers

A process of calling for offers on the property, 

usually required by a certain date.

Offset Account

An account linked to a mortgage account so that 

the interest earned is applied to reduce the 

interest on the mortgage.

Ombudsman

The Banking Industry Ombudsman is the 

avenue through which a customer can make a 

complain about their bank and have it dealt with 

independently.

Ongoing Fee

A loan maintenance fee charged regularly over 

the life of the loan.

Open Space

Land which has not had improvements such as 

buildings and other structures added to it. Such 

land is often left in a subdivision by a developer 

or stipulated by a local authority for recreational 

use or for personal use by the owner
Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30 
Shop No. 2 & 11 , Shailesh Apartments, Borivali West, Mumbai – 400103, India