Real Estate Dictionary

Welcome to the world of mixed-use developments! These innovative and exciting projects are transforming urban landscapes around the world, offering a unique combination of residential living, commercial space, and community amenities. From shopping centers to residential towers, these developments are designed to create vibrant, walkable communities that meet the diverse…

Building a house is an exciting endeavor, but it’s also a complex and costly one. As a homeowner, you want to ensure that you get the most value for your money, and that requires careful planning and budgeting. One of the most important tools in this process is the BOQ.…

Your land title is an important legal document that proves your ownership of a property. However, accidents can happen and it may get lost or damaged. You might forget it somewhere, it could get damaged from water or fire, or it could possibly get stolen. If this happens to you,…

What is Credit? Credit is an opportunity in which the applicant can obtain a lump sum for expenses and then repay the credit according to the contractual schedule. Credit applications are frequently requested from financial institutions or banks. According to the regulations that apply to the applicant How many type…

What is lease? A lease or transfer of tenancy rights is another type of legal transaction. In the commercial long-term, such as the sale of a store or establishment within the period specified in the contract, which is not more than 30 years and then sublease for additional benefits. We…

The Floating Rate is interest rate on a loan that varies according to the cost of the financial institution. The interest rate is adjusted according to the economy, according to what financial institutions occasionally announce, such as the reference rate of various commercial banks. Financial institutions charge three types of…

A fixed rate is the interest rate on a loan that is set by the lender. The interest rate set by a specific number does not change in response to the financial institution’s costs. For example, if 7% interest is paid for four years, the debtor will be charged a…

MOR (Minimum Overdraft Rate) paid by commercial banks from major customers with a good financial history and overdrafts account.Therefore, banks need to increase their lending considerations. The MOR is classified as a floating rate refers to an interest rate that varies according to the cost of the financial institution, which…

When you decide to live in an condo or apartment before moving in, we must schedule a viewing with the landlord and real estate agent before you sign the contract. In the case of property for rent or sale, it should be in good condition so that the tenant, rather…

The MLR (Minimum Loan Rate) charged by commercial banks come from first-class customers, such as those with a good financial history. There are enough guarantees. Most of them concern long-term fixed-term loans, such as corporate loans. The MRL is classified as a floating rate, which means that the interest rate…