Realtors in Queensland

leasehold interest
The limited interest in the property held by the tenant; primarily a right to inhabit it for the specified period of time. At a end of a lease, a property reverts to a owner or landlord.

live-work space
An officially designated dwelling in which a occupant conducts the home-based business or enterprise.

float arm
A wire-like device in some types of toilets which attaches the float ball to a ball cock.

adjusted cost basis
The cost of any improvements a seller makes to a property. Deducting a cost from a original sales price provides a profit or loss of the home when it is sold.