Tuesday, August 13, 2013

Real Estate Terms & it's Meaning. (N)

Kalpesh Shah
Kalpesh Shah
Negative Gearing

Where the return on an investment is not 

sufficient to cover the costs on the 

investment,eg: property maintenance and 

interest on the loan

 against income from letting/leasing.


Make an offer and we will attempt to negotiate a 

concluded contract between the parties.

Net Income

Income after taxes are deducted.

Net Worth

The value of a person’s assets minus liabilities.


A person who, in a limited sense, acts for or 

represents another.

Notice of Default

A formal written notice to a borrower that has 

occurred and that legal action may be taken.

Notice to Quit

A notice to a tenant to vacate the property.

Null and Void

That which cannot be legally enforced, as with a

 contract provision that is not in conformance 

with the law.

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