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Holiday home
Holiday home A larger deposit may be asked for a mortgage on a holiday home. The interest rates charged may also be higher than normal.
RELATED TERMS--------------------------------------
Deposit
A cash lump sum, usually expressed as a percentage of the value of the property, given by the buyer to the seller.
Mortgage
A legal document pledging property as security for the payment of a loan.
Interest
Money paid to a lender as compensation for money that is borrowed.
SIMILAR TERMS--------------------------------------
Holiday house
Usually a furnished house available to rent for periods of 1 day to many weeks. Found in holiday areas such as Pearl Beach
PREVIOUS AND NEXT TERMS--------------------------------------
Holder in due course
The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face.
Hold-harmless clause
A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction.
Holding period
The length of time an investor expects to own a property from purchase to sale
Holdover tenancy
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy as defined by state law.
Holdover Tenant
A tenant who remains in possession of leased property after the lease term expiration.
Holiday home
Holiday house
Usually a furnished house available to rent for periods of 1 day to many weeks. Found in holiday areas such as Pearl Beach
Holographic will
Will written in the testator's handwriting and not witnessed.
Home Buyer’s Report
A property survey. More detailed than a valuation report - should itemize problems and major defects. Not as in depth as a full structural survey.
Home Energy Rating System (HERS)
A standardized system for rating the energy efficiency of residential buildings.
Home equity
The part of a home's value that the mortgage borrower owns outright; the difference between the fair market value of the home and the principal balances of all mortgage loans.
This dictionary contains 6433 terms. |
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