Glossary

Where two or more persons are entitled to property in such a manner that they have an undivided possession but several freeholds. No one party is entitled to the exclusive possession of any part of the land and the interest on land is transmitted by will, at the death of an individual.

A listing of each premise in a property including tenancy name, number, area, lease commencement and expiry dates, rental, rental review date and type, outgoings and rent review mechanism, etc.

A person paying rent in exchange for the occupancy of a building or dwelling.

The length of period of projection of detailed cash flows.

The form of ownership of real estate (i.e. Torrens, strata or company title).

Trade Practices Act.

The trustee oversees the flow of funds, collecting principal and interest from the servicer, distributing payments and reporting to those with an interest in the trust.

The gross takings of a business.

That amount of rental produced by a given percentage of the gross sales less the base rental. (Also known as Percentage Rent)