In case you missed parts I, II & III do have a look at A-C. Moving along, we present real estate terms beginning with D:
Dead Load
Weight of a building, including all permanently affixed structures or appliances but not including the weight of movable things that are placed on or in it.
Debt Amortisation
The practice of adjusting the original cost of a debt instrument as principal payments are received and any purchase discount or premium is written off to income over the life of the instrument.
Declining Balance Method of Depreciation
Also known as the Written Down (WO) value method of depreciation. In this, a fixed percentage of the residual value of an asset is written off every year.
Deed
Legal document, usually pertaining to the ownership of a property.
Deed of Trust
Document recording the terms of a trust.
Defective Title
Title that is flawed / inconsistent and has regulatory and ownership issues.
Defects Liability Period
A specified term (normally 12 months) following practical completion of a facility. During this term the contractor remains responsible for rectifying any defective work.
Delay
An occurrence that lengthens the time taken co complete an activity or a project.
Demand
1) A communication from a lender seeking payment of money owed co them.
2)Level of interest in investment assets.
3)The sum total of absorption and pre-commitments.
Department Store
A large retail unit with an extensive assortment (width and depth) of merchandise and services that are organised into separate departments for purposes of buying, promotion and customer service.
Depreciation
It is a term used to describe any method of attributing the historical or purchase cost of an asset across its useful life, roughly corresponding to normal wear and tear. Depreciation recognise for tax purposes affects the cash flow of the company, as tax depreciation will reduce taxable profits.
Desk Valuation
A term indicating a valuation of a property by someone who has not made a physical inspection of a property for that purpose. Many believe that no property can be valued unless it has been physically inspected at the time of valuation.
Destination Retailer
Retail markets where customers will make a special trip, even if it entails going out of their way.
Discount Rate
Race adopted to factor the time value of money on future cash flows. The race could be adopted by making reference to the cost of capital or the opportunity cost of the investment capital.
Discounted Cash Flow Analysis
A method of computation to arrive at the present value of cash flows that are expected in future.
Discounting
Method for reducing the future cash flow to account for the time value of money.
Divided Interest
The interest of different people, like owner, tenant, mortgage holder, etc., in the same property.
Dividend
Share of income that is distributed to shareholders.
Dividend Yield
Absolute returns expressed as a percentage of total investment.
Division Wall
Wall that separates two buildings or rooms.
Double Glazing
Window having two glass panes with air in between for improved thermal and sound insulation.
Down Payment
A sum of money. which is a part of the purchase price, paid immediately when the option to a property purchase is exercised.
Dry Mortgage
A mortgage in which the mortgagor has no personal liability. The mortgaged property is the only security.
Dry-Wall Construction
Construction technique in which little or no water is used in the erection of the walls inside a building. Pre-fabricated or other sheets are used for these walls.
Dual Agency
An agent or agency who represents both the buyer and the seller and is paid commissions or consideration by both.
Dual-Use Apartment
An apartment that can be used as both residential and small office or shop.
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