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Real Estate Dictionary

 
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Fixed Rate Mortgage
A mortgage in which the interest rate is set for an agreed period of time.
Fixtures & fittings
All non-structural items included in the purchase of a property e.g. curtain rods, light fixtures, appliances, air-conditioning units and systems, shower enclosures, water tanks and pump, water heater, electronic gates and remotes.
Freehold
Where the owner of the building, be it residential or commercial, also owns the land on which it is built.
 
 
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