V
Vacant Possession
A state in which a completed development is in when is it not fit or
ready to be occupied.
Valuation
Appraisal conducted to determine the market value of property
and/or land.
Y
Yield
Can be based on capital appreciation of a property or rental
income over expenses expressed in terms of net percentage.
Z
Zero-lot bungalow
Similar to regular bungalows but has significantly smaller land
sizes.
Zoning
Planning tool used by the government to determine how land
should be gazetted and used.
T
Tenancy Agreement
A contract between landlord and tenant about the tenancy
detailing all terms agreed upon.
Tenancy Period
The length of tenancy agreed by landlord and tenant.
Time Sharing
A property owned by several joint-owners used as a vacation
home at specified times.
Townhouses
2 units of houses stacked on one another occupying one lot.
Definition varies from country to country.
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