What does S S mean in real estate?

S/S: Showings Start date. NO showings can occur BEFORE that date. OTP: Offer To Purchase date. That the is FIRST date when offers can be considered.

What does STR on a house mean?

Short Term Rentals (STRs) can be portrayed as a harmless way for a property owner to make money by renting by the night instead of signing a lease with a tenant.

What does EI mean in real estate?

What does S S mean in real estate? – Related Questions

What does BBC mean in real estate?

Balfour Beatty Communities is one of the nation’s largest and most diversified owners and managers of residential real estate.

What does RC mean in real estate?


Replacement Cost coverage allows claims to be settled with reimbursable depreciation. The value of the loss is determined to be $30,000. The deductible is $3,000. The insurance company will pay no more than $27,000. The Actual Cash Value of the loss is determined to be $15,000.

What is the abbreviation for property?

There are two common abbreviations of property: prop. and propty.

What is EI construction?

This Engineering Instruction will concentrate on the requirement for the “plan preparers” to visit the project site at least once during the construction phase. (A subsequent Engineering Instruction (EI) will center on the pre-construction exchange of information between Design and Construction).

What does v l mean in real estate?

LTV, or loan-to-value, is a ratio that lenders use to assess the risk involved with extending a mortgage loan to a borrower. The LTV ratio amounts to the mortgage amount divided by the appraised value of the property the borrower desires.

What is the full form of Rera?

RERA, the full form of which is Real Estate Regulatory Authority, stands for transparency in the real estate industry.

What is the benefit of RERA?

One of the key benefits of RERA is that builders cannot charge homebuyers for both, the built-up and the super built-up area. This simply means that buyers only have to pay for the carpet area of the home purchased by them i.e. the area between the walls.

See also  What do you say in a thank you card for real estate?

What is RERA certificate?

A RERA certificate is a legal document that acts as proof that a property, project, or property agent has been registered under state-level RERA authority or tribunal.

What if project is not registered in RERA?

A fine of up to 50%, a term in jail, or both may be imposed as punishment for breaking the regulations. Karnataka got well over 700 registration requests via its website before the deadline expired on July 31.

Should I buy a property if it is not registered in RERA?

Infact no project can even be started without registration with RERA authority. Even before starting the project, the builder has give details of the project and regularly update about the development with RERA on its website. So the property is illegal and buying and selling of such a property are both illegal.

What happens if RERA is rejected?

“If the registration of the developer under Rera is rejected or cancelled or revoked then it is advisable that the buyer should ask for the complete refund of his entire amount, including the damages and the compensation, under Sections 18(1)(b) and 19 (4) of Rera,” says Raj.

What is difference between HMDA and RERA?

“HMDA approved properties must operate in harmony with the provisions stipulated under the RERA Act, as RERA is the superior authority that regulates HMDA. RERA comes into operation when there is any default with respect to the provisions.

What is DTCP and HMDA?

HMDA and DTCP are bodies responsible for the planning and development of urban and rural areas in their jurisdiction. HMDA stands for Hyderabad Metropolitan Development Authority whereas DTCP stands for Directorate of Town and Country Planning.

See also  How much does it cost to get your real estate license in CT?

Is it safe to buy HMDA approved flats?

Question – Is it safe to buy HMDA-approved plots? Answer – Yes, as HMDA-approved plots come with guaranteed infrastructure development: Investment in HMDA-approved plots is better as it comes with guaranteed infrastructure development.

Is it safe to buy DTCP plots?

Beware, they tend to take advantage of this scenario and try to sell off properties that are not approved by DTCP. When a property lacks DTCP approval, it has no right to be legally claimed by any individual. In such cases, the buyer might end up facing legal prosecution under various circumstances.

Is it safe to buy gram panchayat plots?

Is it safe to buy a gram panchayat land? Experts believe that it is safe to invest in a gram panchayat land, provided the land has been converted, following the due process. However, while buying a gram panchayat land, the buyer must verify the name of the authority that comes under the jurisdiction of the area.

Leave a Comment