Deed

It refers to a legal document that transfers ownership of a property from one individual to another individual or organisation. A deed must be signed and registered by the person transferring and the person buying the property rights or title.

Depreciation

It is the gradual decrease in the value of a property over time due to factors such as wear and tear, obsolescence, and ageing.

Development

The process of constructing new buildings or making substantial improvements to existing properties for commercial purposes. Development typically involves stages, from initial planning and design to construction, leasing, and property management.

Disbursement

Disbursement means the release or distribution of funds from a lender or other parties involved in a real estate transaction for various purposes related to the purchase or development of a property.

Diversification

Diversification is the practice of spreading your investments across different types of properties, locations, sectors, tenants, and strategies to minimise risk.

Down Payment

Refers to the initial non-refundable payment made by the buyer or investor towards the purchase price of a commercial property, and the rest of the payment is obtained by taking a loan from the bank.

Drawings

An architectural or engineering drawing that depicts various aspects of a commercial property. These drawings are essential for understanding the layout, design, dimensions, and features of the property, and they play a crucial role in the planning, development, and management of commercial real estate.

Ducting

It means the HVAC (Heating, Ventilation, and Air Conditioning) ductwork system within a commercial property. HVAC ducting refers to the network of ducts or channels used to distribute heated or cooled air throughout the building, ensuring proper ventilation, temperature control, and indoor air quality.

Due Diligence

The comprehensive investigation and analysis conducted by potential buyers, investors, or lenders to assess the legal, financial, and physical aspects of a commercial property before completing a transaction.

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GLOSSARY