Equity Sharing

Definition of "Equity sharing"

Arrangement whereby a party providing financing gets a portion of the ownership.

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Popular Real Estate Terms

Contour

A line on a map or drawing showing equal ground elevation points. See also contour map. ...

Flat Lease

Lease agreement having level payments during the contractual period. It does not have an escalation clause to allow for increased costs due to increas ...

Vacate

To leave property. An example is a tenant who moves from the apartment and takes all her possessions at the termination of the rental period. If a ten ...

Construction Loan Rate

(1) The interest rate charged on a construction loan. (2) The rate at which construction loan progress payments are made. See also bridge loan; bulle ...

Commercial Real Estate

Real property usable in a trade or business. Such as, the property on a which retail store, hotel, or office building are located. ...

Client

Individual or entity who pays for the professional services of another person or business. ...

Popular Real Estate FAQ

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natural disasters such as fire or other hazards. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as an annual allowance that helps you recover on you ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

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FAQ

What is a buyer’s agent? What does an appraisal mean? What are comparables or comps? What is a loan-to-value (LTD) ratio? What is a mortgage insurance premium (MIP)?