Commercial Property in South Africa For Sale and To Let
Feb 10, 2025
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Glossary - Words and Terminology used in Commercial Property
N
NATURAL VACANCY RATE
The normal, average or traditional percentage of r ...
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NEGATIVE AMORTIZATION
When the periodic payments on a loan are not suffi ...
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NEGATIVE CASH FLOW
When a business or property generates less money i ...
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NET INCOME
The amount of money left over after all costs and ...
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NET LEASABLE AREA
The area in a building which is available for rent ...
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NET LEASE
A lease in which there is a provision for the tena ...
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NET LETTABLE AREA
Same as Net Leasable Area, the area in a building ...
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NET OPERATING INCOME (NOI)
The actual or anticipated net income that remains ...
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NOMINAL INTEREST RATE
A stated or contract rate; an interest rate, usual ...
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NON-CONFORMING USE
The occupation and use of a property in a fashion ...
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NONEXCLUSIVE MANDATE
A real estate listing to which no one agent or bro ...
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NONJUDICIAL FORECLOSURE
The power to foreclose on a property without court ...
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NUISANCE
A legal term referring to any use of land which in ...
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