Glossary-H

HVAC

  • Abbreviation for the terms Heating, Ventilation, Air Conditioning system

Hard Cost

  • The actual cost of making improvements and enhancements to a property

Heir

  • Legal successor of the property

Hectare

  • A unit of measurement; 1 Hectare=2.47 acres

Hi-tech building

  • A modernized building with state-of-the-art amenities and facilities

High Rise

  • A building with 25 storeys or more

Housing Society

  • Residential Complexes having Buildings wherein each building in turn consists of numerous flats

Holding Period

  • The time duration for which a property is owned

Holdover Tenant

  • A tenant who occupies the leased property even after the expiry of the lease term

 

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