4 Most Common Real Estate Terms to Know

Are you looking for a new home or a property in the view of getting high returns in the future? Investing in real estate, especially in a residential project, apartments in Calicut, is a great choice as there is an assured high return in the future. But to become a successful player in this real estate market, you need to know the pulse of this industry. Here is a list of most commonly used real estate terms to get familiar with

1.    Freehold property

In the case of a freehold property, the owner of the land has no time limit to his period of ownership and he can transfer the ownership by registering the sale deed.

2.    Sale Deed

A sale deed is the most important document in a property transfer, by which the seller transfers his right on the property to the buyer. The sale deed also called as conveyance deed.

3.    Super built-up area

Super built-up area represents the actual area of the apartment, flats in Calicut, that you need to consider. It includes the built-up area and the area of the common areas such as stairs, lobby etc.

4.    Built up area

Built up area is the sum of the carpet are and the thickness of outer walls and the balcony.

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