Commercial, Residential, Rental Properties in India
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Real Estate Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E Terms :
Easement
A right of use over the property of another created by grant, reservation, agreement, prescription or necessary implication.
Economic Rent
The market rental value of a property at a given point in time, even though the actual rent may be different.
Effective Gross Income
Term used for an income-producing property, derived from the potential gross income, less a vacancy factor and a collection loss amount.
Effective Rent
The actual rental rate to be achieved by the landlord after deducting the value of concessions from the base rental rate paid by a tenant, usually expressed as an average rate over the term of the lease.
Encroachment
Part of a house or establishment illegally overhanging the street or a neighbour's property.
Encumbrance
An impediment to the use or transfer of the property in the form of an interest or right in the property, e.g. easement, mortgage or caveat.
Energy Efficient Mortgage
An FHA program that helps homebuyers save money on utility bills by enabling them to finance the cost of adding energy efficiency features to a new or existing home as part of the home purchase
Equity
The amount of an asset actually owned. Equity is the difference between the market value of the property and the amount still owed on its mortgage.
Establishment Fee
A fee charged by a Lender to set up a loan.
Estate
The total of all the real estate and personal property owned by an individual at the time of death.
Eviction
The lawful expulsion of an occupant or tenant from real property.
Exclusive Authority
A written contract that gives one real estate agent the exclusive right to sell a property in a specified time period.
Executor
A person named in a will to administer an estate. Executrix is the feminine form.
Expense Ratio
Expense Ratio


 


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