Glossary-F

F S I / F A R

  • The ratio of the built up area to the total land area

Farmhouse

  • Farmhouse is a property type having a building with an adjoining agricultural land

Fair Market Value

  • The highest price which a buyer is willing to pay for the purchase of a property

Fee

  • An amount charged by an institution like banks or registrar offices in exchange of a service

Financing

  • Lending money to a borrower thereby supporting real estate purchase

Fittings

  • Temporarily fixed objects which are removable from the property

Fixed Rate

  • Loan amount having a fixed rate of interest over the lifespan of the mortgage

Fire certificate

  • A document certifying that the building adheres to fire safety norms and is well equipped with firefighting supplies

 Fixed Expenses

  • Recurring expenses incurred by a property like property tax, etc.

Flat

  • A type of property owned by an individual

Floating Rate

  • Loan amount having a variable rate of interest over the lifespan of the mortgage

Footing

  • The foundation or base structure of a building

Foreclosure

  • A process by which a property of a debtor is sold to recover the outstanding loan amount

Foreign Direct Investment

  • Investment made in a country’s potential market segment by multinational or foreign companies

Freehold property

  • A property with no restriction on the right of the holder of the property to further transfer the property