Terms with Tag Realty
- Conveyance Tax — Definition,
- A tax on the transfer of real property.
- Cooperating Broker — Definition,
- A real-estate broker who finds a buyer for a property and initiates a negotiation and shares in a commission.
- Cooperative — Definition,
- A residential project owned by a cooperative corporation. Residents own shares in the cooperation, which in turn gives them the right to live in the project.
- Corporate Real Estate (CRE) — Acronym,
- Corrective Work — Definition,
- Repairs or maintenance that a buyer requests be done on a house before closing.
- Cost-plus Contract — Definition,
- An agreement in which a construction contractor receives a fee based on a percentage of all costs paid for labour and materials.
- Cottage (cott) — Abbreviation,
- Counteroffer — Definition,
- Rejection of a purchase offer by submission of another offer with different terms (such as price or closing date). A step in the negotiating process.
- Covenant — Definition,
- A promise made in a contract or property deed.
- Covenantor — Definition,
- A person who promises to be responsible for the repayment of a loan.
- Credit Repository — Definition,
- Another term for a credit bureau.
- Cumulative Days on Market (CDOM) — Acronym,
- Curable Defect — Definition,
- A problem with a property that can be remedied. Peeling paint is a curable defect, but location in a crime-ridden neighbourhood is not.
- Curb Appeal — Definition,
- The look of a house when viewed from the street.
- Current Market Value (CMV) — Acronym,
- The estimated price determined by the recent sale of similar properties.
- Curtain Wall — Definition,
- A non-lead bearing exterior wall.
- Custom Builder — Definition,
- A contractor that constructs or remodels houses based on plans submitted by the client.
- Custom Home — Definition,
- A house built according to plans from an architect hired by the owner.
- Days on Market (DOM) — Acronym, Very Important,
- The period between listing and sale, or listing and a property being taken off the market.
- Deed (D) — Acronym, Very Important,
- A document that provides title to property and is filed with a country recorder.
➥ Used to transfer ownership of assets, often land or automobiles. - Deed to Secure Debt (DSD) — Acronym,
- Den — Definition,
- An additional small room within a home often used as an office.
- Deposit — Definition,
- An act of putting a sum of money in to a bank account.
- A sum of money put towards a given transaction. In a property purchase, a deposit signifies the intent to buy, which is paid to the vendor and applied to the principal cost.
- Deposited Plan (DP) — Acronym,
- Depreciation — Definition,
- The gradual loss of value of a building or other property because of age or natural wear.
- Depreciation and Amortization (D&A) — Acronym,
- A reduction in the value of a fixed asset occurring over a time period.
- Depression — Definition,
- A prolonged downturn in the economy and level of business activity.
- Designated Appraiser Commercial (DAC) — Acronym, Canada,
- Designated Appraiser Residential (DAR) — Acronym, Canada,
- Detached (det, detd) — Abbreviation,
- Something that is not affixed to a property.
➥ As in detached garage.
9.
Conveyance Tax -
Depreciation and Amortization
Depreciation and Amortization
26.
