Glossary-M

Maintenance Charges

  • Charges payable by the owners / occupants of a property towards upkeep & maintenance of facilities and amenities

Market value

  • Price which is fixed based on the prevailing market conditions

Mixed-Use

  • Space within a building which is used for multiple purposes

Mutation

  • Transfer or change in the ownership title

Mortgage

  • A synonym to loan; often used in the Non-Asian countries