Real Estate Listings
Calgary Real Estate Glossary O
(On-Site Management - Overburden)
Managing property directly at its location where it's functions may
include showing prospective tenants the facilities, collecting rents,
and doing upkeep on the property.
Online Real Estate Listings
Properties listed for sale on the Internet.
A lease contract providing for a final additional payment on the return
of the property to the lessor, adjusted for any value change.
A loan where the borrower may add to the principal without renegotiating
the terms of the loan.
Method of showing a home that is for sale. The house is left open
for prospective buyers to see. The house may be advertised in the
newspaper and/or outside the house.
Housing where purchase or lease is available to everyone regardless
of race, ethnic origin, color or religion and affirmative action is
Property marketed by a number of brokers simultaneously.
Mortgage that has matured or is overdue and, therefore, open to foreclosure
at any time.
Option to Purchase
Contract that gives one the right, without any obligation, to purchase
a property, within a certain period of time and at a certain price,
subject to conditions.
Pipe section, in a septic system, which runs between a septic tank
and the drainage field.
The amount still unpaid and owed on a debt, loan or other financing
Earth that must be removed to reach a deposit of rock or other material
to be quarried.