Hollow air space in a wall to improve thermal insulation.
Warehouse
A storehouse used for commercial purposes, such as those used by manufacturers and transport businesses.
Warranty of Possession
Landlord's agreement stating that he or she has the legal authority to convey the possession of the premises to Tenant.
Water Course
Natural channel of water, such as river, brook or stream. Proprietors of land situated on the banks of a watercourse have equal rights to make use of the water but are not allowed to divert it, diminish the quantity of water, or interrupt it without proper authority.
Weighted Average Rental Rates
Mean of the unequal rental rates in two or more buildings in the same designated area. It is used to give a general idea of the rent amount in that particular area.
Willing Seller-Willing Buyer
The price at which both the seller and the buyer agree to do business irrespective of the actual market price of the property
Wish List
Criteria or features desired by buyers while searching for an ideal property or home. A wish list can help you land a better deal.
Working Drawings
Set of plans for construction work of a building or project, defining the precise manner and specifications of building activity for contract purposes.
Written-Down Value
Book value of a property after taking depreciation and amortization into consideration.
