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Real Estate Definitions and Terminology - N
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N |
| negative gearing |
Where the return on an investment is not sufficient to cover the costs on the investment such as interest on the loan and property maintenance. |
| net income |
Income after taxes are deducted. |
| net worth |
The value of a person's assets minus liabilities. |
| nominee |
A person who, in a limited sense, acts for or represents another. |
| Notice of Default |
A formal written notice to a borrower that a default has occurred and that legal action may be taken. |
| Notice to Quit |
A notice to a tenant to vacate the property. |
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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