E -Compendium of Real Estate Terms & Concepts

Expression of interest is a call to potential providers of goods and/or services to register interest in supplying them. EOI describes requirements or specifications and seeking information from potential providers that demonstrate their ability to meet those requirements.

An expert is a person with a high degree of knowledge or skill in a particular field. An expert is a specialist who has special skill or knowledge in a particular subject, such as a science or art, whether acquired by experience or study. An expert is someone widely recognised…

An expert differs from the specialist in that a specialist has to be able to solve a problem but an expert has to know its solution. The opposite of an expert is generally known as a layperson, while someone who occupies a middle grade of understanding is generally known as…

Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), otherwise known as the Board, is a body corporate with perpetual succession and common seal. It is a creation of the Federal Government of the Federal Republic of Nigeria under Decree No 24 of 1975 (now Estate Surveyors and Valuers Registration…

An Estate Surveyor and Valuer (otherwise known and referred to simply as a VALUER or an APPRAISER in some countries) could be described as follows:

In order for the owner to prepare for significant capital expenditures, it is common to establish an escrow or reserve account. An escrow or reserve account enables the owner to prepare financially for large expenditures by regularly putting aside smaller amounts in a separate bank account (i.e. monthly or yearly).

Land and/or improvements that are subject to taxation but have escaped assessment because they are:

It is a right of a mortgagor to recover the pledged property after settling the mortgage debt. It is thus an equitable interest in land itself, and it denotes the sum total of the mortgagor’s right in the property. Equity recognises this fact and regards the mortgagor as owner of…

This is a source of financing property development and it refers to personal savings. Nowadays, it is increasingly becoming hard to fully finance estate development through money, which the owner personally saves. It is an internal source of finance. A form of equity capital is sale and lease back arrangement.

In Donaldson Investment tables, equated yield is defined as the discount rate, which is applied to the projected income so that the summation of all the incomes discounted at this equated yield rate equates the capital outlay. It could also be simply defined the opportunity cost of money.