Introduction to real estate language
Disposal: is the name given to the action of transfer from one owner to another. That is to say, the former owner transfers the rights of the property to a new owner. When this change is made, another deed is executed where the new owner accepts his new rights and obligations.
Developable land: refers to the area of land that may be buildable, where it is possible to build.
Usable area: is the habitable area of a dwelling. It is not fixed; it may vary over time through renovations or construction work.
Commission: is the percentage that a real estate agent earns for providing his or her services. The commission is usually negotiable with respect to the sale price of the property.
Guarantor: An individual or legal entity that signs a guaranty, committing to pay if the principal does not.
Right of usufruct: it is the real right of use of a real property or thing. It can be assigned to third parties.
Home staging: this name is given to the technique used to prepare a property for sale. Through an attractive decoration, which can attract the attention of the buyer.
Render: The final result of a work or construction in 3D. This digital image allows to show the result before starting in physical.