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

F Terms :
Face Rental Rate
The asking rental rate published by the landlord.
Fair Housing Act
A law that prohibits discrimination in all facets of the homebuying process on the basis of race, color, national origin, religion, sex, familial status, or disability.
Fair Trading
Office of Fair Trading and Business Affairs, an office of the Department of Justice in Victoria and in New South Wales. In Queensland, Northern Territory and the Australian Capital Territory it is known as Consumer Affairs; in Western Australia, the Minis.
Fee Simple
An estate under which the owner is entitled to unrestricted powers to dispose of the property, and which can be left by will or inherited. Commonly, a synonym for ownership.
Fibro Cement
Building material made of compressed fibres cemented into rigid sheets.
FID
Financial Institutions Duty. State duty on the receipts of financial institutions.
Fiduciary
A person who essentially holds the character of a trustee. Real estate agents and salespersons are considered by law to be fiduciaries, thus they have a duty to act primarily for the benefit of the principal (the person who employed them).
Finance
The commercial activity of providing funds and capital.
First Mortgage
The senior mortgage which, by reason of its position, has priority over all junior encumbrances. The holder of the first or senior mortgage has a priority right to payment in the event of default.
First Refusal Right or Right Of First Refusal
A lease clause giving a tenant the first opportunity to buy a property at the same price and on the same terms and conditions as those contained in a third party offer that the owner has expressed a willingness to accept.
Fittings
Objects that can be removed from a property without causing damage to it.
Fixed Expenses
Expenditures such as property taxes, license fees, and property insurance that are not directly affected, by the occupancy of the property.
Fixed Rate Mortgage
A mortgage in which the interest rate does not change during the term of the loan.
Fixtures
Personal property that becomes real property when attached in a permanent manner to real estate.
Flex Space
A building providing its occupants the flexibility of utilizing the space. Usually provides a configuration allowing a flexible amount of office or showroom space in combination with manufacturing, laboratory, warehouse distribution, etc.
Footing
The footing supports the building on its foundation.
Foreclosure
A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.
Foreign Direct Investment
investment made by a foreign individual or company in productive capacity of another country . for example, the purchase or construction of a factory.
Freddie Mac
Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders With funds for new homebuyers.
Freehold
An estate in real property which continues for an indefinite period of time. Freehold estates may be inheritable or non-inheritable. Inheritable estates include the fee simple absolute, the qualified fee, and the fee tail. Non-inheritable estates include
Future Proposed Space
Space in a proposed commercial development which is not yet under construction or where no construction start date has been set.


 


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