Early possession of the property before settlement with the permission of the vendor. This usually involves the payment of rent.
Underlayment
A layer of wood between the sub-floor and the floor.
Underpinning
Supports placed under an existing wall to provide added strength.
Undisclosed Heir
A person who claims the right to a piece of property after the death of an owner without a will.
Unilateral Contract
A one-sided contract.
Unsecured Loan
A loan that is not backed up by collateral.
Uplifted Rent
A rent which reflects lease terms which are more beneficial to the tenant than prevailing commercial terms, eg. a higher rent to reflect, say, 14-yearly reviews, rather than the more common five-yearly reviews.
Urban centers
i.e. cities were classified into categories such as A, B and C and a ceiling on the maximum permissible usage on land by respective owners was set under provisions of the act.
Urban Land Ceiling and Regulation Act (ULCRA)
A legislation promulgated in 1976 as a social equity measure with a view to curb profiteering and hoarding in the urban land market as well as prevent urban congestion. Urban centers i.e. cities were classified into categories such as A, B and C and a ceiling on the maximum permissible usage on land by respective owners was set under provisions of the act.
Urban Planning
User
A person who uses, enjoys or has a right over a property.
Utilities
The private or public service facilities such as gas, electricity, telephone, water, and sewer that are provided as part of the development of the land.
