Real Estate Glossary
Understand every term in Philippine real estate
39+ terms explained
Most Searched Terms
Amortization
Monthly payment that includes principal and interest
Learn moreAssociation Dues
Monthly fees for condo or subdivision maintenance
Learn moreBIR (Bureau of Internal Revenue)
Government agency collecting national taxes
Learn moreBIR Zonal Value
Minimum property value set by BIR for tax computation
Learn moreCAR (Certificate Authorizing Registration)
BIR document allowing title transfer
Learn moreCCT (Condominium Certificate of Title)
Legal document proving ownership of a condominium unit
Learn moreCGT (Capital Gains Tax)
6% tax on the sale of real property
Learn moreCondominium
Individual unit ownership within a multi-unit building
Learn moreContract to Sell
Agreement where ownership transfers only upon full payment
Learn moreAll Terms A-Z
CAR (Certificate Authorizing Registration)
BIR document allowing title transfer
CCT (Condominium Certificate of Title)
Legal document proving ownership of a condominium unit
CGT (Capital Gains Tax)
6% tax on the sale of real property
Condominium
Individual unit ownership within a multi-unit building
Contract to Sell
Agreement where ownership transfers only upon full payment
Real Estate Broker
Licensed professional who facilitates property transactions
Registry of Deeds
Office where property titles are registered
Reservation Fee
Initial payment to reserve a property unit
RFO (Ready for Occupancy)
Completed property ready for immediate move-in
RPT (Real Property Tax)
Annual tax on property ownership, also called "amilyar"
Tax Declaration
Document showing property details for tax purposes
TCT (Transfer Certificate of Title)
Legal document proving ownership of land and improvements
Townhouse
Multi-story home sharing walls with adjacent units
Transfer Tax
Local tax paid when transferring property ownership
Turnover
Handover of property from developer to buyer
Terms by Category
Titles & Ownership
Property titles and ownership documents
Taxes & Fees
Real estate taxes and transaction fees
Financing
Home loans and payment terms
Legal Terms
Legal documents and processes
Property Types
Types of real estate properties
Transactions
Buying, selling, and renting terms
Government & Regulations
Government agencies and regulations
Measurements
Property measurements and areas
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