![]() ![]() The common areas and amenities are equally owned by all the dwellers within the condominium.Ĭonventional Housing: A type of housing that stays within the area’s housing standards or the market rate limits.Ĭo-Signer: A secondary signer on a lease or mortgage who verifies the principle signer’s identity and/or provides additional assurance to the lender or landlord.Ĭurb Appeal: A concept expressing the attractiveness of the house’s visual look as viewed from the street level.ĭepreciation: Loss of value resulting from the loss of functionality, economic obsolescence, or physical wear.ĭuplex (House): A house built to include two separate individuals or families within the same structure. Brokers need a license and proper eligibility to practice in their state of residence.ĬAP Rate: The capitalization rate (CAP rate) expresses the anticipated rate of return from a real estate investment property with an aim to assess the investment’s potential and profitability.Ĭomparables (Comps): A part of a valuation technique that determines the value of a current asset by using a recently sold asset similar enough for indicating the expected sale price.Ĭondo/Condominium: A building with multiple units that can be owned by the people living inside. Sometimes defined as a rented living space, effectively excluding condominiums and analogous residential units.īroker: A professional in the real estate sector who buys and sells property on behalf of others while receiving a commission in the process. The repayment of loan principal over time.Īnnual depreciation: The depreciation of the asset in the recently finished fiscal year in dollar amount.Īffordable housing: Housing governed by a federal or state agency with an aim to help people and control their rent when they meet certain criteria.Īgent: Individuals who have a legal basis to act on behalf of another person.Īmenities: Material and immaterial features of a given property that increase its value or make it more desirable.Īpartment: A residential unit inside a structure built for housing. She particularly enjoys her regular group exercise sessions at the local gym.Abandonment: The surrender or relinquishment of a real estate property, including a piece of land or a housing unit.Īccumulated Depreciation: The asset’s depreciation from the acquisition phase to the latest depreciation results in dollar amount.ĪDA: Abbreviation for The Americans with Disability Act, a federal legislation that prohibits any form of discrimination against people with disabilities.Īmortization: The equalization of the regular mortgage payment over the life of the loan by lowering the interest payments and raising the principal payments. Socially Tammy is involved in various community groups and is well known for her networking and co-ordinating capabilities. Together with her staff she has successfully managed in excess of five hundred residential and commercial properties and has never shied away from working longer hours if required to do so. ![]() Once established and familiar with the local surrounds and facilities, it very quickly became clear that residing in the Bayside area and working in property management would be an irresistible combination and also lead to a long-term career pathway.Īfter starting as a property manager, Tammy has progressed to subsequent employment appointments as head of the rental department with local agencies. ![]() Originally from Gippsland in Victoria, she moved to Brisbane with husband Armando in 1994. Tammy has held the mandatory industry approved accreditation since 2007 and is currently the holder of a Real Estate Agents full licence. ![]()
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