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04-08-2009 | Real Estate Glossary

Disposal Trust: act of transfer of movable or immovable, of the debtor to the creditor, as security for payment of the debt. The debtor has a direct ownership of the property for their use, and the creditor holds indirect ownership of the property, which is in your area. After you remove the loan, the buyer acquires ownership of the final good.

Amortization: periodic payment made to shoot down (reduce) a debt. In finance in general, depreciation is made by one of the parcels that make up the benefits.

Extraordinary depreciation: extra pay (before the deadline), which must be at least 10% of the balance due.

Common Area: area of a condominium that can be used by all residents (assembly room, corridors)

Private area or floor area: area of a building on which the domain owner has. It is the sum of the internal areas of each room of the building, from wall to wall, not to its thickness.

Commitment to purchase and sale is the contract between two parties where the seller undertakes to sell their property (movable or immovable) and the buyer undertakes to buy it in the right conditions.

Scripture: official record of a contract, such as buying and selling, written by an officer or notary public and witnessed by two people. The same public that instrument.

Adjustment: application of interest and monetary correction to the balance due and the monthly charge, according to the rate stipulated in the contract.

Balance Due: what remains to pay a debt. In real estate financing is adjusted monthly according to index and interest rate stipulated in the contract.

Insurance for physical damage to property (DFI): compulsory insurance, with the death and permanent disability (MIP) in the funding contracts with a financial institution. The DPI, which covers damage caused by fire, flood, etc. is paid in installments throughout the financing.

Insurance for death and permanent disability (MIP): compulsory insurance, such as physical damage to property (DFI) contracts when financing real estate. If two people contracted a real estate financing and one of them dies, the insurance company pays the balance due proportion.

System of depreciation constant (SAC): method of payment of a debt in which the share of depreciation (a component of service) is constant and the share of interest, which focuses on the balance due, is decreasing over the term of financing.

Growing system of depreciation (SAARC): method of calculation and adjustment for the provision of funding, the Sacre is very similar to the Constant Amortization System. The difference is in the implementation of the benchmark (TR) to the formula that determines the supply, causing a change in depreciation.

Real Estate Finance System (SFI): created in 1997 by law no. 9514 as an alternative to the Financial System of Housing and the Mortgage Portfolio, the system allows the securitization of real estate loans and the sale brings trust in the real estate market.

Housing Finance System (SFH): system created in 1964 by law no. 4320 to raise funds for the residential area and fund the construction and purchase of the house itself.

Source: Forum for Construction, Architect by Fabio Rocha / Sílvia Rocha

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