|
qv.co.nz
|
0 earned Badges No badges were found
Definitions (50)
1 |
1
1
capital value
This is the likely price a property would sell for at the time of the revaluation. Capital Value includes Land Value and Value of Improvements but does not include chattels, stock, plant or machinery which may be included in the sale of properties.
Meaning awaits approval from a moderator |
3 |
0
0
favourites
View All
Meaning awaits approval from a moderator |
4 |
0
0
agreement date
The date when the buyer and seller agree to the terms and conditions of the sale, including price, by signing the Sale and Purchase Agreement.
Meaning awaits approval from a moderator |
5 |
0
0
annual value
Annual Value is another value that councils can use as a basis for levying rates. Annual Value is a calculation involving rental values. It is the greater value of either the estimated gross annual rental less 20% (or 10% if there are no buildings on the land) or 5% of the property’s Capital Value.
Meaning awaits approval from a moderator |
6 |
0
0
assessment number
This forms part of a property's Valuation Reference Number. The assessment number can be up to 11 digits in length.
Meaning awaits approval from a moderator |
7 |
0
0
certificate of title number
Land titles in New Zealand are a matter of public record, and are kept by Land Titles Office of Land Information New Zealand (LINZ). Not all properties have a Certificate of Title reference record available to display on our reports.
Meaning awaits approval from a moderator |
8 |
0
0
chattels
These are essentially the fixtures and fittings purchased with the property and include stove, fitted floor coverings, curtains and light fittings.
Meaning awaits approval from a moderator |
9 |
0
0
comparable sales
These are the sales that are most comparable to the property searched on based on a number of criteria.
Meaning awaits approval from a moderator |
10 |
0
0
covenants
These are certain restrictions on the property and the section, outlined on the Certificate of Title. Covenants are often put on properties, especially in new subdivisions, to ensure that any structures built on the land are in line with the quality of the properties in the area, they may also be used to restrict certain activities.
Meaning awaits approval from a moderator |
To view all 50 definitions, please sign in.