| H Terms
: |
Habitable
|
Suitable for occupancy. Local building codes ensure that
structures are habitable through requirements for building
permits and certificates of occupancy. |
Hard Cost
|
The cost of actually constructing the improvements (i.e.
construction costs). |
High Rise
|
In the Central Business District, this could mean a building
higher than 25 stories above ground level but in suburban
sub-markets, it generally refers to buildings higher than
7 or 8 stories. |
Hold Over Tenant
|
A tenant retaining possession of the leased premises after
the expiration of a lease. |
Holding Deposit
|
An initial (goodwill) sum of money given to register interest
in or bind the sale of real estate before the full deposit
is paid. |
Home Equity Line of Credit
|
A mortgage loan which allows the borrower to obtain multiple
advances of the loan proceeds up to a specified percentage
of the borrowers equity in a property. |
Home Improvement Loan
|
A loan made to a homeowner in which the home is used as
collateral for the loan. |
Home Inspection
|
An examination of the structure and mechanical systems to
determine a home's safety; makes the potential homebuyer aware
of any repairs that may be needed. |
Housing Expense Ratio
|
The percentage of gross income that goes toward paying housing
expenses. |
HVAC
|
The acronym for Heating, Ventilating and Air-Conditioning. |