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Real Estate Glossary

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Tax Base

The assessed valuation of all the real property that lies within the jurisdiction of a taxing authority, which is then multiplied by the tax rate or mill levy to determine the amount of tax due.

Tenancy

Possession of land/property by title done either under a lease or on payment of rent.

Title Deed

A legal document constituting evidence of property ownership

Town and country planning

A planning system utilized by the government to balance economic development and environmental quality.

Trustee

A person who holds or controls property for the benefit of another.

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Contrary to popular opinion, making your homes eco-friendly isn’t challenging as there are a...

Among the many popular tax-saving exercises is the formation of a Hindu Undivided Family (HUF) by...

Legally, a developer cannot deduct any money out of the advance payment you have made for property...

A sale agreement is a contract between the seller and the buyer of a property. It is important for...

If you are considering selling your property, you need to assess the value of your home as the very...

Most of the knowledge we acquire about property and related matters is from word of mouth. And,...

If you are planning to turn your home into a raw and earthy space with minimal furniture, PropGuide...

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