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Real Estate Definitions and Terminology - I
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| inclusions |
Items included with the property such as light fittings, a refrigerator, or a pool table. |
| interest |
The fee charged by the lending body for borrowing money. |
| interest only loan |
A loan where only the interest is repaid throughout the term of the loan. The original principal is repaid at the end of the term. |
| interest rate |
The rate of interest in effect for the monthly payment due. |
| introductory loan |
A loan offered at a reduced rate for an introductory period to new borrowers. |
| inventory |
A list of items included with the property such as furniture and movable items. |
| investment property |
A property that is not occupied by the owner but purchased for the sole purpose of earning a return on the investment, either in the form of rent or capital gain. |
Note: We assume no liability resulting from any errors or omissions. In providing the preceding we've done our best to bring you accurate information. However, you should seek your own independent advice as to the accuracy of the information supplied.
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