All | # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
There are 15 names in this directory beginning with the letter R.
Rates
Periodic property taxes levied by Local and State Governments (e.g. water rates).
Re-Draw
The financial institution allows you to “re-borrow” a percentage of what you have paid off your home loan, to use for whatever you wish, such as a down-payment on a new investment property.
Refinance
To obtain new finance for something on different terms, usually involving the paying off of an existing loan by means of a new (and often cheaper) loan.
Rent
A payment made periodically by a lessee to a lessor for the use of premises.
Rent Review
A periodic review of rental under a lease using a predetermined method. For example, an increase in line with Consumer Price Index (CPI) or in accordance with a market valuation.
Rental Determination
A valuation report by an independent valuer fixing a rent, in circumstances where a lessor and lessee have been unable to negotiate an agreement.
Rescind
To terminate a contract of sale.
Reserve Price
The minimum amount a seller will accept at an auction.
Residential Tenancy Database
A risk management tool used by agents to identify tenants with a history of breaching tenancy rules.
Residential Tenancy Tribunal
Specialist bodies exist in most Australian States and Territories to resolve disputes between landlords and residential tenants in low-cost manner, usually without the involvement of lawyers.
Returns
Positive or nil cash flow from an investment.
Reverse Mortgage
A mortgage over a residential property owned by a person (usually over 55 years of age), where repayments are not required until the property is sold or the last homeowner dies.
Right of Entry
Where a landlord may inspect the premises, provided reasonable notice is given to the tenant.
RP (Registered Plan)
A numbered plan, held in the Titles Office, showing the dimensions and details of any particular piece of land. A piece of land is sometimes called a “parcel”.
RPD (Real Property Description)
A way of describing a particular parcel of land. For example, Lot 3 on RP 546789 identifies the overall plan number, and then a specific lot number. A plan search at the Titles Office will yield a copy of the sub-divisional plan and dimensions of each lot on the plan.