Dipl. Immobilientreuhänder HFP flashcards
Dipl. Immobilientreuhänder HFP · Build recall with a focused review session.
20 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Property interest
- A legally relevant right or relationship concerning property, whose content must be identified rather than inferred from possession alone.
- Title
- The relevant ownership right or evidence of that right under the applicable system, distinguished from a guarantee that every defect is absent.
- Encumbrance
- A claim, right or restriction affecting property under its actual conditions, whose significance depends on the transaction and governing law.
- Lease
- An arrangement granting defined use or possession in return for the agreed consideration under its conditions, distinguished from transferring every ownership right.
- Condominium interest
- An ownership arrangement combining defined individual and shared rights under the applicable framework, rather than an ordinary lease of the whole property.
- Agency mandate
- The authorized relationship and scope under which a professional acts for another person, distinct from unrestricted power over every related decision.
- Due diligence
- A purposeful examination of relevant facts, records and risks before a decision, rather than a guarantee that no unknown issue exists.
- Condition precedent
- A stipulated condition whose fulfillment has a defined effect on an obligation or right, requiring the actual wording and governing law.
- Recording
- Entry of an instrument or relevant information in the designated system, whose legal effect must be assessed under the applicable framework.
- Priority
- The relative legal ranking of competing rights or claims, determined by the actual rules and facts rather than chronology alone in every case.
- Net operating income
- Income after the operating items specified by the model, distinguished from gross rent, debt service and an unsupported cash-distribution figure.
- Capitalization rate
- The stated rate used to relate a defined income measure to value in a capitalization model, requiring consistent units, period and assumptions.
- Vacancy allowance
- An assumption or adjustment for unoccupied or uncollected rental capacity under the stated model, not a certainty about future receipts.
- Capital expenditure
- Spending on the relevant long-term asset or improvement under the accounting basis, distinguished from every ordinary operating payment.
- Market value
- A value concept defined by the relevant valuation framework and assumptions, distinct from an automatic guarantee of the next transaction price.
- Comparable evidence
- Information about relevant other properties or transactions adjusted for meaningful differences, rather than any convenient nearby asking price.
- Client money
- Money held or handled for a client under a relevant mandate, whose use is constrained by actual rights, instructions and applicable duties.
- Conflict of interest
- A competing interest that could affect professional judgment or duties, requiring assessment and appropriate treatment under the actual framework.
- Residual risk
- The relevant risk remaining after identified controls or actions, which should be explained instead of presenting the transaction as certain.
- Professional scope
- The boundary of authorized and competent work for a particular role, including recognition of questions requiring another qualified professional.