Business Terms

4. The legal process by which a lender takes possession of a property from the borrower due to failure to make mortgage payments
6. The price at which a property would sell under normal market conditions, based on comparable properties and other factors
8. a person or business declared by law as unable to pay their debts
10. A legal contract between a landlord and tenant that outlines the terms under which the tenant rents the property, including rent amount, duration, and responsibilities
11. the promotion of your business to increase sales, attract new customers, and make your audience aware of your products or services
13. The portion of the property’s purchase price that the buyer must pay upfront, typically expressed as a percentage (e.g., 20%)
15. A thorough examination of a property’s condition, including its structure and systems, conducted by a professional inspector before purchase

1. The percentage charged by a lender for borrowing money, typically expressed as an annual rate
2. A property or piece of real estate owned by an individual or company that has value and can generate income or be sold
3. An individual or entity that rents or leases a property from a landlord
5. to employ someone for wages
7. a product or service that has a unique and immediately recognizable identity that distinguishes itself from others in its industry
9. to come into possession, ownership, or control of
12. A property that is for sale or rent, and the agreement between a seller and an agent to market and sell the property
14. The financial gain after all expenses, taxes, and costs have been deducted from revenue