Jan 242023
Real Estate and Financial Terms Under Letter ‘DE’ – Australian Real Estate

This guide is an alphabetical listing of real estate and financial terms commonly used by auctioneers, home inspectors and real estate agents.

Buying, selling or renting property in Australia and having trouble understanding what they’re saying? To help you figure it out, we’ve created brief explanations of the words used. For more complete information, see your local real estate agent, financial advisor or solicitor.

A  B  C  DE  F  GH  IJK  L  MN  O  PQ  R  S  T  UVWXYZ

– D –
debtorSomeone who owes money to another person or entity.
deedA legal document conveying title to a property.
defaultFailure to make mortgage payments regularly or to comply with other requirements of the mortgage.
deferred
establishment fee
A fee charged when you pay out your loan within a short period of taking it out.
depositA percentage of the purchase price given to bind the sale of real estate.
disposable incomeAny income left over after all known expenses (bills, mortgage payments, car loans) have been met.
depreciationA decline in the value of property due to changes in market conditions or other causes.
disbursementA cash expenditure for the purpose of settling a debt.
drawdownThe disbursement of loan funds, especially referring to lines of credit where you can use the funds as required.
dual occupancyA block of land which is zoned so that there two distinct dwellings are permitted to be constructed.
duplexA type of construction where two buildings are attached together by a common wall. Also called semi-detached.
– E –
easementA right that someone has to use the land belonging to another. An example is a sewerage easement by the water authority across part of a property.
encroachmentPart of a house or establishment illegally overhanging the street or a neighbour’s property.
encumbranceAn outstanding liability or charge on a property.
equityThe amount of an asset actually owned. Equity is the difference between the market value of a property and the amount still owed on its mortgage.
establishment feeLending body fees which may or may not be charged to set up a loan.
estateThe total of all the real estate and personal property owned by an individual at the time of death.
evictionThe lawful expulsion of an occupant or tenant from real property.
exchange of contractThe legal time when the seller and purchaser swap documentation and start inquiries to settlement.
exclusive authorityA written contract that gives one real estate agent the exclusive right to sell a property in a specified time period.

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