224+ property terms explained — national RERA terminology, regional land records (Fard, Jamabandi, 7/12, Patta), property documents, financial terms, and state-specific real estate vocabulary.
A deposit made by buyer to demonstrate serious intent to purchase, before a formal agreement is signed. If buyer defaults, may be forfeited. If seller defaults, typically returned double.
Legal right of one property owner to use another's land for a specific purpose — right of way, drainage, light and air. Must be disclosed in property documents. Can affect property use.
Official power supply connection from state electricity board to a property. Developer must hand over property with valid electricity connection in most states.
Fixed monthly payment made to a bank or financial institution to repay a loan. Consists of principal and interest components. EMI = P × r × (1+r)^n / ((1+r)^n - 1).
Any claim, liability, or burden on a property — mortgage, lien, easement, court order, or pending litigation. Encumbrance Certificate (EC) shows all registered encumbrances.
Official document from the Sub-Registrar's office showing all registered transactions and charges on a property for a specified period. Essential due diligence document — typically obtained for 13+ years.
The portion of a property's value that the owner actually owns — total value minus outstanding loan. Increases as property appreciates and loan is repaid.
Provision in a lease or sale agreement allowing for periodic price increases — typically annual rent escalation of 5–15% in commercial leases.
Dedicated bank account required under RERA where developers must deposit 70% of all buyer payments. Funds can only be withdrawn in proportion to construction completed and certified by an engineer.
Legal process of removing a tenant from a property. Governed by state Rent Control Acts and property laws. Cannot be done forcibly without court order.
Charge levied by development authority for extending the validity of a building plan or layout approval beyond the originally sanctioned period.
We add new terms regularly. If you don't find a term, suggest it and we'll add it within 48 hours.
Suggest a Term →CREP™ certification goes beyond definitions — module exams and a 100-question final exam test application and professional judgment.
Enroll in CREP™ — ₹4,999 →