DefinitionA loan taken out for the purpose of buying a property, the property itself is the security that the loan will be paid back. ExampleI want a mortgage before i can buy this property
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DefinitionThe best price for a property in the market. The selling price may be higher or lower than the market value depending on the negotiation between the owner and the buyer. ExampleThat is the market value for the property
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DefinitionThe monthly fee paid by the owners of condominiums, townhouses, and other commonly owned properties with the purpose of covering the cost of repair and maintenance of common areas within the property or estate. Different from service charge ExampleThe landlord has paid maintenance fee for the property
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