P- Compendium of Real Estate Terms & Concepts

A review of the partnership literature reveals that there are considerable variations amongst the many definitions of what constitutes a PPP. The widespread use of the term public-private-partnership hides important differences between the different forms of public private collaboration (Schaeffer & Loveridge, 2002).

According to Kerrie Main on WiseGeek, a proposal is “a tool designed to persuade a customer to purchase a product or to receive funding and backing for a new project or program”. It is used in a majority of industries from corporate America to academia. Proposals come in many forms.

Value is the amount of commodity; money, etc. consider equivalent for something else, material monetary worth, desirability, utility, qualities on which it depends. Value is the actual worth of a particular object Value for which a willing seller will part with the land in favour of willing buyer, Value is…

Property management is the operation, control, and oversight of real estate assets (or landed property). It is the process of managing property that is available for lease by maintaining and handling all the day-to-day activities that are centered on the of real estate assets being managed. Here, ‘management’ indicates a…

Property management typically involves the managing of property that is owned by another party or entity. Thus, property management is the oversight of a property by a property manager. The property manager acts on behalf of the owner to preserve the value of the property while generating income.

As it relates to real estate, development is a form of investment, which involves the application of capital and other resources to create a new product. It is an investment that entails foregoing present consumption in anticipation of future/long term benefit. This is an activity in which capital is sunk…

In law, the term ‘property, is sometimes used in a very wide sense. In Griffith vs. Charlotte, the term ‘property’ was defined as the interest, which can be acquired in external objects or things. The things themselves are not in true sense property, but they constitute its foundation and material…

A tenant is one who meets certain criteria vis-à-vis” payment: (i) identified as a (tenant) in the lease/tenancy agreement (name, addresses included in this document, (ii) in exclusive possession; (iv) in occupation; (v) whose relationship with the landlord is intentionally created. These 5 features will prove whether one is a…

The objective of a proof of evidence is to provide for the advocate, whether solicitor or inspector, in advance of leaving a statement of what the witness intends to say. It should contain the whole substance of the intended evidence in a logical sequence.

Professionalism is the expertise that a professional has in a certain field. Professionalism is based upon the attainment of a discrete body of knowledge acquired through a prolonged and specialised training which conveys an...