Tuesday, August 13, 2013

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


Kalpesh Shah
Kalpesh Shah
http://aasharealtor.blogspot.com
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.

Negotiation

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.

Nominee

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.
  


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