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Real Estate Jargons, Terms & Definitions
Developers & Properties
Freehold vs Leasehold (4:39)
Discount vs Rebate (4:28)
CCC - Certificate of Completion (4:07)
VP - Vacant Possession (2:08)
Foreign Consent (2:11)
JMB - Joint Management Body (1:48)
MC - Management Corperation (2:42)
Banks
DSR - Debt Service Ratio (7:08)
CCRIS vs CTOS (6:08)
NDI - Net Disposable Income (3:31)
Bank Valuation vs Market Value (8:40)
OPR - Overnight Policy Rate (6:17)
LEC - Loan Eligibility Criteria
Legal & Agreements
LO - Letter of Offer (2:39)
Deed of Mutual Covenant (1:21)
SPA - Sales and Purchase Agreement (1:56)
MOT - Memorandum of Transfer (1:41)
DLP - Defect Liability Period (2:18)
Government, Taxes & Law
Titles (5:46)
APDL - Advertisement Permit & Developers License (4:18)
RPGT - Real Property Gain Tax (4:57)
SMA - Strata Management Act (1:58)
Quit Rent (1:56)
Assessment Rate (1:20)
Bumi Lot and Bumi Discount (2:53)
Malay Reserve (1:14)
POA - Power of Attorney (1:54)
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SPA - Sales and Purchase Agreement
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