Jargon
Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.
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- Apartment building
- A collection of adjoining apartments primarily used as a place to live within a block of flats. Most Estate/Letting Agents offer a variety of apartments for sale and rent.
- Applied or Nominal Interest Rate
- The rate used to calculate the interest due.
- Apportionment
- Expenses that need to be apportioned or shared between the purchaser and vendor of a property. Such as utility bills or services. The company doing your conveyancing should offer advice on how finalise any payments owed.