KNOW YOUR SQ. FT.

When it comes to selling, buying or maintaining a property there's a lot to know.Now become familiar with some Real-estate terms and get a better knowledge of the industry.

HVAC includes air conditioning plants, chillers and ducting systems to provide heating and cooling services in today's modern homes and buildings.A central HVAC system is the most quiet and convenient way to cool an entire home.Source: http://bit.ly/1JA2HRV

The value of the stamp duty depends on the sale value as the case may be.This duty is paid by purchasing non judicial Indian stamp paper, on which the lease/sale agreements are documented.

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Channel partner - A person or company who acts as a medium of bringing owners and proposed buyers together with a view to complete a Real estate transactions.

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Site plans is a graphic representation of the building outline, parking, landscaping, work areas.It may also show elevation and floor plans or a proposed layout of a development.Source: http://bit.ly/RealEstate_Terminologies

A business park or office park is an area of land in which many organizations lease, rent or buy space for their business. All of the work that goes on is commercial, not industrial or residential.Source: http://bit.ly/RealEstate_Terminologies

Registration of the property can either be a rental or capital transaction and there is a fee attached to registering a transaction, which varies from state to state. The registration of an agreement to buy or sell a flat in Maharashtra is compulsory under Section 4 of the Maharashtra ownership flats Act, 1963.Source: http://bit.ly/RealEstate_Terminologies

When a buyer & seller sign a contract for deed, the buyer agrees to pay for the property in installments.The seller retains the deed until the buyer has fulfilled the contract by making the final payment.Source: http://bit.ly/RealEstate_Terminologies

Capital appreciation is one of the main sources of investment returns.Capital appreciation portion of the investment includes all of the market value exceeding the original investment or cost basis.Source: http://bit.ly/RealEstate_Terminologies

The security deposit amount varies depending on city, property type, location and the period of the lease.It is common for some landlords to provide a bank guarantee to the tenant as security for the repayment of the initial deposit amount.Source: http://bit.ly/RealEstate_Terminologies

Amenities are the facilities offered by developers of planned developments.It can be internal amenities like marble flooring, sanitary fittings in all bathrooms or external amenities like parks, swimming pools, health-club facilities, parking and others.Source: http://bit.ly/RealEstate_Terminologies

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