Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
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rate:
The whole amount of accessible space compared to the entire inventory
of space and expressed as a percentage refers to the "Vacancy
rate"
Variance:
Variance refers to permission which allows a property owner to
depart from the literal necessities of a zoning ordinance that,
because of special circumstances, cause a unique hardship. The
applicant must prove a need or fault.
Variable Interest Rate:
This refers to a loan interest rate which varies over the term
of the loan, generally tied to a fixed index.
Vesting:
Vesting refers to the names, status and manner in which the title
of ownership is held with a fixed interest in a particular parcel
of real property;. It also refers to the portion of a title report
or policy setting forth the above.
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