Commercial

Commercial

Commercial real estate is the use of property for the purpose of generating profit either through capital gain or rental income.

Industry: Real estate

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Commercial

A balloon mortgage is a financing mechanism where the payments are not fully amortized over the term of the loan. Definition: A balloon mortgage is a financing mechanism where the payments are not ...

Capital Lease

Real estate; Commercial

Capital lease is a lease agreement in which the lessor agrees to transfer the ownership rights to the lessee after the completion of the lease period. Definition: Capital lease is a lease ...

Commitment Fee

Real estate; Commercial

The fee levied by a creditor on the borrower for future or unused credit is called commitment fee. Definition: The fee levied by a creditor on the borrower for future or unused credit is called ...

Freehold Property

Real estate; Commercial

Freehold property can be defined as any estate which is "free from hold" of any entity besides the owner. Definition: Freehold property can be defined as any estate which is "free from hold" of ...

Escrow Account

Real estate; Commercial

An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account is a temporary pass through ...

Mutation

Real estate; Commercial

Mutation means transfer or change of title in the records of the local municipal body for the concerned property. Definition: Mutation means transfer or change of title in the records of the local ...

Common Area Maintenance

Real estate; Commercial

The contribution or fee paid collectively by the owners of individual units for the maintenance and upkeep of the non-exclusive areas of the premises is called common area maintenance. Definition: ...