Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z Sale-leaseback:
This is an a deal by which the owner-occupant of a property agrees
to sell all or part of the property to an investor and then
lease it back and continue to occupy space as a tenant
Security deposit:
This is a kind of deposit of money by a tenant to a landlord
to secure the performance of a lease. This can also be in a letter
form of credit or other financial instrument.
Sales comparison value:
This is a value indication which is derived by comparing the
property being appraised to similar properties that have been
sold of late.
Secondary market:
This is a kind of market where the existing mortgage loans are
securitized and then bought and sold to other investors.
Securitization:
This is a process of converting an illiquid asset, such as a
mortgage loan, into a tradable form, such as mortgage-backed
securities
Site development:
It means the installation of all the essential improvements made
to a site before a building or project can be constructed on
the site
Soft cost:
This means the portion of an equity investment other than the
actual cost of the improvements themselves that may be tax-deductible
in the first year.
Space plan:
This is a graphic representation of a tenant's space requirements.
It shows wall and door locations, room sizes and at times furniture
layouts also.
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