Appafrica- Real Estate

Appafrica - Glossary

Here we provide the brief information about the properties. Our aim is to provide the best knowledge about the property services .

Residential Property is the property that consists of homes, townhouses, apartments and condominiums. In real state terminology, residential property is owner-occupied housing. In income taxation terminology, residential property refers to rental units used for dwelling purposes.

Commercial property refers to business property such as office buildings, restaurants, hotels, motels, medical stores, gasoline stations, shopping centers etc intended to operate with a profit.

Post Property selling refers to post the details of property to a leading company for the purpose of sale. Property owner list their properties for sale, developers and builders list property to advertise their property to a global audience.

Advertisement provide information and create awareness about the market. It is best way to promote the property. It is an effective technique to catch attention of the clients.

Tax is money paid to government on a product, activity or income. It is money paid to government other than for goods and services. Property tax is tax on owned land and housing.

Indian Property Tax Rate is applied to both the movable and immovable property. The assessment of property tax rate for both types of property are different. Any property whether real or personal is classified according to its use.

Property management is operation of industrial, commercial or residential real estate. Property management is the management of personal property, tooling, equipment and physical capital assets that are acquired to build, repair and maintain end item deliverable.

Risk Management is the process of measuring risk and then developing strategies to manage the risk Risk management can also be defined as a structured approach to control uncertainties and potential dangers by assessing what the particular uncertainties are, then developing strategies to minimize those uncertainties.

Real estate association includes brokers, agents, and salespeople. The association may have multiple listing service trademark and the realtor trademarks. It is politically non-aligned organization that provide research advice to the government, media and the public.

 
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