RESIDENTIAL
RENTAL
COMMERCIAL
RURAL
HOLIDAY
FINE HOMES
BUSINESS
COMMUNITY
Text Size
Real Estate Glossary
A-D | E-H | I-L | M-P | Q-T | U-Z

OPTIONS

During the terms of a lease there may be an ‘option’ to further lease terms. For example six months prior to a lease expiring there may be an option to extend the lease for a further 12 months at an agreed lease rate.

Glossary of Other Real Estate Terms in M-P:
  >   MAINTENANCE
  >   MANAGING AGENT
  >   MARKET PRICE
  >   MARKET VALUE
  >   MEZZANINE
  >   MEZZANINE FINANCE
  >   MODUS OPERANDI
  >   MORTGAGE
  >   MORTGAGE FUND
  >   MORTGAGEE
  >   MORTGAGEE IN POSSESSION
  >   MORTGAGOR
  >   MUTATIS MUTANIMS
  >   NEGLIGENCE
  >   NET LEASE
  >   NOTICE OF INTENTION TO VACATE
  >   NOTICE TO QUIT
  >   NULL AND VOID
  >   OCCUPANCY
  >   OFFENCE
  >   OFFICER IN EFFECTIVE CONTROL
  >   OPTIONS
  >   OUTGOINGS
  >   OWN YOUR OWN FLATS
  >   PARKING RATIO
  >   PASSED IN
  >   PENALTY
  >   PEPPERCORN RENT
  >   PERCENTAGE RENT
  >   PERIODIC TENANCY
  >   PHYSICAL DEPRECIATION
  >   PLOT RATIO
  >   PREMIUM
  >   PRESCRIBED
  >   PRINCIPAL
  >   PRINCIPAL OFFICE
  >   PRO FORMA
  >   PRO RATA
  >   PROPERTY MANAGEMENT
  >   PROPERTY SECURITIES FUND
  >   PROPERTY SYNDICATE
  >   PROPERTY TRUST
  >   PROPERTY WEALTH
  >   PUBLIC LIABILITY
  >   PURCHASE AND LEASE BACK
  >   QUANTITY SURVEYOR
  >   QUID PRO QUO
More information?
Request a FREE and informative real estate guide.
Or, watch an episode of First National TV - real estate video tips.
You are here:
Glossary
Also in this section: