Dictionary

You can browse real estate terms here

Vacancy Rate

Vacancy rate is the ratio of rental units not rented versus the total number in the building.

Valid

Having force or binding force; legally sufficient and authorized by law.

Valuation

Estimated worth of price: Estimate, the act of valuing by appraisal.

Value Added Tax (VAT)

There are estate transactions that can be exempted or not in VAT depending on the property.

Vendee

A purchaser; a buyer.

Vendor

A seller: one who disposes of a thing in consideration of money.

Ventanilla

(n.) (Spanish origin) windows with open panels that allow fresh air to pass through

Verification

A sworn statement before a duly qualified officer to the correctness of contents of an instrument.

Vested

Bestowed upon someone; secured by someone, such as title to property.

Virtual Tour

This is the digital version of property viewings, in which the house or condominium is showcased through a collection of images stitched together to form a simulation.