Not logged in - log in now, or click here to register.
Skip navigation links
feature articles
news
calculators
how much can i borrow?
what will my repayments be?
loan comparison
extra repayments calculator
lump sum repayment calculator
stamp duty calculator
split loan calculator
budget planner
savings calculator
term deposit calculator
income tax calculator
principal & interest
credit card repayments
property buying cost
property selling cost
leasing calculator
reverse mortgage calculator
home loan offset calculator
Comparison Rate Calculator
Honeymoon Loan Calculator
public enquiry line
tips & helpful hints
browse tips
search tips
further info
FAQ's (real estate)
browse FAQs
top ten FAQs
search FAQs
further info
glossary
local info
heritage register
foreign investors
agent code of conduct
auction code of conduct
land tax calculator (OSR)
Budget Threat to First Home Buyers


Glossary

Words

Simply select a letter to begin browsing. If you can't find what you are looking for, simply click here to and let us know what you are looking for.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Currently displaying definitions for words starting with - P

Percentage Lease
This may be short term or long term. A percentage of the tenant?s gross or net sales, as defined by the lease will constitute the stipulated rental. A minimum rent is usually included although straight percentage lease is occasionally encountered. Also, it may provide for a ceiling rental. In effect, the percentage leases makes the landlord a partner in the tenant?s business. With the advent of discount houses, large chain stores and modern regional shopping centres, this has become an increasingly popular method of leasing.
Preferred Listings
Entrusting the sale at least in the first instance to one agent only. Following well-established practice overseas, the granting of a preferred listing is increasing. The Real Estate Institute of Australia encourages this practice. Also known as exclusive listings, which include: auctions, multiple listings and sole agency.
Property Management
A division of a real estate office composed of leasing space, collection of rents, selection of tenants and generally the overall maintaining and managing of real estate properties for clients.
Purple Title - Tenants in Common
The land is held as Tenants in Common, the shares being in the same number as the units. Separate Title may be issued for each unit. Because of the "unity of possession" the land cannot be divided or partitioned. The sketch and lot number is for the whole of the land in the plan or diagram. The Certificate of Title states the number of undivided shares contained and the sketch of the land used to be shaded purple - thus "purple title".


Click here to return to the previous page.

Back to top



Can't Find It?

Simply fill out the form below and press Send Message.

Please Note: Remember to check our Frequently Asked Questions and Glossary Area before submitting. They may just have the answer you're looking for.

For Further Information
Your Email
Your Name
Your Phone
Email Subject
Add your Email message