GLOSSARY
NAC (Net Annualized Cashflow)It refers to the net income generated by a property on an annual basis after deducting operating expenses, debt service, and other expenses. NAC is a key financial metric used by investors to evaluate the profitability and performance of an investment property. |
NegotiationsThe process of discussion and bargaining between parties involved in a real estate transaction, such as buyers, sellers, landlords, tenants, investors, and lenders. |
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Net Office SpaceIt refers to the usable area within an office building that is available for exclusive occupancy by tenants. It excludes common areas such as corridors, lobbies, restrooms, and mechanical rooms. |
Net WorthIt refers to the total value of assets owned by an individual, company, or entity after deducting liabilities or debts. |
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NOC (No Objection Certificate)It is a document issued by a relevant authority, such as a local government agency or homeowners association, indicating that there are no objections or restrictions to a proposed activity or transaction. |
NomineeIt refers to an individual or entity appointed to act on behalf of another party, typically for legal or administrative purposes. In real estate transactions, nominees may be appointed to hold legal title to the property, represent the interests of beneficial owners, or execute documents on behalf of principals. Nominees do not typically have beneficial ownership or financial interest in the property. |
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NotaryIt is a public officer authorized by the government to witness and certify the signing of legal documents, such as deeds, contracts, leases, mortgages, and other real estate-related agreements. Notaries verify the identity of the signatories, ensure the legality and authenticity of the documents, and affix their official seal or signature to authenticate the transaction. |
NPV (Net Present Value)Net Present Value (NPV) is a financial calculation used to evaluate the profitability of an investment by discounting the projected future cash flows of the investment property to their present value. NPV takes into account the time value of money and helps investors determine whether an investment opportunity is financially viable based on its expected returns. |
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