Commercial, Residential, Rental Properties in India
Real Estate India: IndianGround.Com
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

T Terms :
Tax Base
The assessed valuation of all the real property that lies within the jurisdiction of a taxing authority, which is then multiplied by the tax rate or mill levy to determine the amount of tax due.
Tax Lien
A statutory lien, existing in favor of the state or municipality, for nonpayment of property taxes which attaches only to the property upon which the taxes are unpaid.
Tax roll
A list or record containing the descriptions of all land parcels located within the county, the names of the owners or those receiving the tax bill, assessed values and tax amounts.
Tenancy
The right to occupy a property under agreed terms and conditions.
Tenancy for Life
See Life Estate.
Tenants in Common
A type of joint tenancy in a property where two or more purchasers own a property in unequal shares. If one dies, his or her shares pass to his or her beneficiaries under the terms of the will. Contrast with joint tenancy.
Title Search
A check of the title records to ensure that the seller is the legal owner of the property and that there are no other claims or liens outstanding.
Torrens Title
A system of recording property ownership where registration on the Certificate of Title guarantees ownership.
Total Inventory
The total amount of square footage of a type of property (i.e. office, industrial, retail, etc.) within a geographical area, whether vacant or occupied. This normally includes owner-occupied space.
Townhouse
A dwelling unit, generally having two or more floors and attached to other similar units via party walls.
Trade Fixtures
Personal property that is attached to a structure (i.e. the walls of the leased premises) that are used in the business. Since this property is part of the business and not deemed to be part of the real estate, it is typically removable upon lease termination.
Transfer
A document registered at the Land Titles Office and noted on the Certificate of Title which verifies the change of ownership of a property.
Triple Net rent
A lease in which the tenant pays, in addition to rent, certain costs associated with a leased property, which may include property taxes, insurance premiums, repairs, utilities, and maintenances. There are also Net Leases" and NN (double net) leases, depending upon the degree to which the tenant is responsible for operating costs
Trustee
A fiduciary who holds or controls property for the benefit of another.
Turn Key Project
The construction of a project in which a third party, usually a developer or general contractor, is responsible for the total completion of a building (including construction and interior design) or, the construction of tenant improvements to the customized requirements and specifications of a future owner or tenant.


 


Invest in Indian Real Estate - Apartments/Flats - Houses - Office Space - Land
Property Market India | Calculators | Real Estate Glossary| Advertise | Feedback

Copyright © 2006-2014 - Site Terms & Conditions - Disclaimer - All Rights Reserved.

The entire content of the IndianGround.Com website is protected under the provisions of related Indian and International copyrights acts. For more information refer to our site disclaimer and terms of use.