Real Estate terms
You were
Embarrassed about
asking anybody
Worried
about
not
knowing
The basics of
Real Estate ?
Here’s Homer
Guiding
You through the
Simple & Basic
Real Estate
terms
#1
What is Carpet Area ?
Carpet area is the actual usable area of an
apartment, office unit, showroom, etc. minus
wall thickness.
#2
What is Built up Area ?
Built-up area is the carpet area plus the
thickness of outer walls and the balcony.
#3
What is Super Built up
Area ?
Super built-up area is the built up area plus
proportionate area of common areas such as
the lobby, lifts shaft, stairs, e...
#4
What does Per Square
Feet Rate mean?
Developers decide the value of the property
based on the per square foot area
#5
What does Floor Space
Index mean?
It is the ratio between
the total built up area and the available plot area
#6What is the difference
between Residential &
Commercial Property?
Residential Property = Buildings for personal use
Commercial Property = Buildings for business
#7What is a Freehold
Property?
A freehold property is where the owner has
complete ownership of the whole property
#8Who is a Real Estate
Broker?
Real Estate Brokers are mediators between the
owner and the buyer of a property
#9
What is Conveyance ?
Conveyance is the act of transferring or
conveying the rights , title , ownership and
interests of a property from one per...
#10What is Credit Score ?
It is a score of a person’s credit availability used
by banks to know the likelihood of repaying the
debts.
#11What is a Lease
Agreement ?
It is a contractual agreement made between the
lessee(the tenant) and the lessor(the owner) to
lease out the property for ...
#12What is a License
Agreement ?
An agreement signed by the owner of the property
who gives permission to another person to use the
property
#13What is a Non disclosure
agreement(NDA)?
An NDA is a legal contract signed between two
or more parties that outlines confidential
matters and valuable information ...
#14What is a Inherited
property?
Inheriting a property is the practice of passing
on a property , titles , debts and any other
obligations upon the death o...
#15What is Subletting?
It is a practice of an existing tenant to lease out
a small fraction or the whole property to another
person.
Check out
10 Essential Tips
That Every
Home Buyer
Should know
Learn More
Home Buying Tips
Here
CommonFloor.com is India's leading property search portal.
On a mission to make property search hassle-free, transparent a...
15 Real Estate Terms That You Were Embarrassed About Asking Anybody But Can Ask Homer!
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15 Real Estate Terms That You Were Embarrassed About Asking Anybody But Can Ask Homer!

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This presentation will help you to understand why it is important for you to educate yourself in the real estate basics & concepts, rather than being completely dependent on the real estate agent or fall prey to frauds. Find out about the necessary requirements which are needed while investing in a property, the risks involved in an investment and so on. You can also seek help from friends and acquaintances to find out more about the sector.

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15 Real Estate Terms That You Were Embarrassed About Asking Anybody But Can Ask Homer!

  1. 1. Real Estate terms You were Embarrassed about asking anybody
  2. 2. Worried about not knowing The basics of Real Estate ?
  3. 3. Here’s Homer Guiding You through the Simple & Basic Real Estate terms
  4. 4. #1 What is Carpet Area ?
  5. 5. Carpet area is the actual usable area of an apartment, office unit, showroom, etc. minus wall thickness.
  6. 6. #2 What is Built up Area ?
  7. 7. Built-up area is the carpet area plus the thickness of outer walls and the balcony.
  8. 8. #3 What is Super Built up Area ?
  9. 9. Super built-up area is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc.
  10. 10. #4 What does Per Square Feet Rate mean?
  11. 11. Developers decide the value of the property based on the per square foot area
  12. 12. #5 What does Floor Space Index mean?
  13. 13. It is the ratio between the total built up area and the available plot area
  14. 14. #6What is the difference between Residential & Commercial Property?
  15. 15. Residential Property = Buildings for personal use Commercial Property = Buildings for business
  16. 16. #7What is a Freehold Property?
  17. 17. A freehold property is where the owner has complete ownership of the whole property
  18. 18. #8Who is a Real Estate Broker?
  19. 19. Real Estate Brokers are mediators between the owner and the buyer of a property
  20. 20. #9 What is Conveyance ?
  21. 21. Conveyance is the act of transferring or conveying the rights , title , ownership and interests of a property from one person to buyer of the property.
  22. 22. #10What is Credit Score ?
  23. 23. It is a score of a person’s credit availability used by banks to know the likelihood of repaying the debts.
  24. 24. #11What is a Lease Agreement ?
  25. 25. It is a contractual agreement made between the lessee(the tenant) and the lessor(the owner) to lease out the property for a period of time.
  26. 26. #12What is a License Agreement ?
  27. 27. An agreement signed by the owner of the property who gives permission to another person to use the property
  28. 28. #13What is a Non disclosure agreement(NDA)?
  29. 29. An NDA is a legal contract signed between two or more parties that outlines confidential matters and valuable information which the parties share for business purposes
  30. 30. #14What is a Inherited property?
  31. 31. Inheriting a property is the practice of passing on a property , titles , debts and any other obligations upon the death of a person
  32. 32. #15What is Subletting?
  33. 33. It is a practice of an existing tenant to lease out a small fraction or the whole property to another person.
  34. 34. Check out 10 Essential Tips That Every Home Buyer Should know
  35. 35. Learn More Home Buying Tips Here
  36. 36. CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful; CF has best of breed property search on maps, property search mobile apps and an extensive section for knowledge resources and advice in real estate.
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