It is a pleasure for us at Hansen Imóveis to present commom real estate glossary for Brazil
Âmbito do SCONS

Scope scons – Which was signed Within the System Consortium.


Âmbito do SFH

Under the SFH – Which was signed Within the House Finance System.


Acabamento

Finishing – repairs need to be Performed on the new property after the delivery of the keys by the builder, but before the new owner can permanently live. It is recommended to reserve 20% of the property value. Examples of repairs, installing floors, lighting, heaters, wardrobes in bedrooms, kitchen and service area, among Others.


Ação revisional de financiamentos

Revisional action funding – Legal document who provides for the revision of the terms of the financing agreement, to reduce the outstanding balance or eliminate modify values ​​of parcels and deadlines and also review the amounts already paid.


Acessão imobiliária

Accession estate – boon to immovable property Resulting from a natural event or a human work.


Administração regional ou subprefeitura

Regional or borough administration – the boroughs are subordinated to the Municipal Coordination of subdistricts (SMSP). They act the regional instance of direct administration mechanisms to establish themselves and democratize public administration. Strengthen popular participation at the site level.


Agência imobiliária

Real estate agency – a company who promotes closeness between the buyer and the seller.


Agente fiduciário

Trustee – individual or financial institution licensed by the Central Bank to carry out the extrajudicial execution of mortgage loans linked to the Housing Finance System (SFH). The activity is Governed by law No. 6404/76 (Law of S / A).


Agente financeiro

Financial agent – Authorized by the Central Bank, financial institution public or private capital, Which makes loans to access their own homes.


Ágio

Goodwill – the difference between the amount paid and the face value of the product or goods. For example, When buying a property is R$ 400,000 with funding, and the fully paid R$ 500,000. In this case, the value of goodwill is R$ 100,000.


Alienar

Alienate – cool act who conveys the right to a good person or thing to another.


Alienação fiduciária

Chattel mortgage – cool act Determines the property que passe the name of the financial institution to pay the debt. If the buyer does not Fulfill the contract signed, the agent Retains the property.


Amortização

Amortization – payment of debt determined in Installments (benefits) for A Certain fixed period (monthly, bi-monthly, yearly, etc.).


Amortização extraordinária

Extraordinary amortization – debt repayment ahead of schedule, at mens 10% of the outstanding balance.


Anticrese

Antichresis – the lender Retains ownership of the property with use of the property and removes the need to discharge the debt of the debtor value.


Apartamento conjugado

Conjugate apartment – has up to 50 m² rooms and not divided. Has small area for the kitchen; the room is conjugated to the living room and separate bathroom. Recognized kitchenettes.


Apartamento de cobertura

Penthouse – is on the top floor of the building. The owner can build and use the above property level. The value of the condominium, the sale and the rent is Differentiated.


Apartamento duplex

Duplex Apartment – environments are distributed between two floors.


Apartamento tríplex

Triplex apartment – environments are distributed Among three floors.


Apartamento modelo decorado

Apartment decorated model – in daconstrutora sales booths, decorated and displayed real unity for the buyer to have the idea que it is acquiring.


Apólice

Policy – document formalizes coverage, value, premium, term of contract, Among other combined insurance and property owner.


Arbitramento

Arbitration – way to resolve property Disputes between two or more people – Individuals or corporations.


Área de construção

Construction area – summed areas of all floors above and below the ground level.


Área edificada

Built area – the total land covered by the building.


Área não computável

Not computable area – sum of the built-up areas not counted in the calculation of the coefficient of utilization, with the aim of building complementary areas.


Assembleia

Common good of the residents, the renovations, extra costs, etc. Entitled to vote are owners.


Ata

protocol – document where the recorded decisions are released at the meeting.


Aval/avalista

Surety/guarantor – Guarantees the payment of a negotiable instrument to another person. Undertakes to pay the debt if the debtor complies with its obligation.


Avaliação

Valuating – specialist or expert estimates the value of real estate property in several situations: sharing of inheritance, purchase or sale of the property, mortgage financing, among other goods.


Averbação

Registration – a document issued by the Registrar of real estate that records changes or additions regarding the well (objective annotation) or people (subjective annotation) contained in the registration or registration of the property.


Administradora de consórcio

Administration consortium – business company authorized by the Central Bank to operate in the System Consortium, responsible for the operation of the FGTS use in their own house.

Banco Central do Brasil (BCB ou Bacen)

Central Bank of Brazil (BCB or Bank) – Federal agency, created in 1964, sets monetary policy (interest rates and exchange rates etc); regulating the financial system as a whole; has the purchasing power of the currency.


Banco Nacional de Habitação (BNH)

National Housing Bank (BNH) – Created in 1964 she is responsible for national housing policy. In 1986 it was turned off. The Central Bank has assumed that role.


Benfeitoria

Improvement – Work carried out at the property to conserve and increase the comfort of its residents.


Bens Fungíveis

Fungible goods – Are goods which can be replaced by others of the same kind, quality and quantity. Example: money.


Bens Infungíveis

Real Estate assets – Goods that can not move. Example: house, land, apartment, room etc.


Bens Móveis

Movable Property – Material goods, which can be transported by their own motion or as a result of the other. Example: car, title, action etc.


Bens Imóveis

Real Estate assets – Goods that can not move. Example: house, land, apartment, room etc.


Bens Corpóreos

Tangible assets – Goods that have material existence. Example: house, land etc.


Bens Incorpóreos

Intangible assets – Assets that have no physical existence. Rights that individuals or entities have on things, products of his intellect or others.

Cadastro

Cadastre – Document which sets forth the maximum information about the client: address, personal data, data on the suitability, among others.


Caixa Econômica Federal (CEF)

Caixa Economica Federal (CEF) – Public bank that operates throughout the country that assists in the implementation of the credit policy of the Federal Government. Grant credit lines to acquire the property, including the Minha Casa Minha Vida.


Canteiro de obras

Construction site – Fixed area and temporary support where they develop and implement a work operations


Capital

Capital – Sum of a person or institution assets: money and amount financed to someone.


Carência

Shortage – Period set to not pay the full amount of the debt, just the interest and indexation.


Capitalização de juros/ juros composto ou capitalizado

Capitalization of interest/compound interest or capitalized – Interest charged on interest, ie, the value of the interest earned in the previous period is included in new investment.


Carta de crédito

Letter of credit – Document issued by the fiscal agent agrees to pay certain amount to the applicant. Included the value of the credit, the beneficiary, the term, amount and description of purchase, among other items.


Carteira Hipotecária (CH)

Mortgage Portfolio (CH) – Line of Credit Housing, created by Getúlio Vargas in 1936. It has funding rules, payment term and interest rates determined by financial institutions.


Cartório de Registro de Imóveis

Registry of Properties – Where are made the registration, registration and the registration of deeds relating to properties in a region. Is in charge of the data for each property: registration, location, owner, status, and suffered modifications.


Cartório de Registro de Títulos e Documento

Registry of Deeds and Document – Private entity with public recognition which are recorded, produced and custody of documents and securities of any kind.


Certidão

Certificate – Document issued by the officer or the Registrar server, requested a fee. The certificate attests the existence and veracity of a particular record.


Certidão negativa

clearance certificate – Issued by notaries and public agencies. Attests to the existence or not of action (civil, criminal or federal court) against a person or entity.


Cessionário

Assignee – Individual or entity that receives, through the assignment, a right, contract or obligation.


Código de Defesa do Consumidor

Code of Consumer Protection – Governed by Law No. 8078 of 1990 contains provisions that establish standards of conduct, terms and penalties to protect consumer rights. Assegurao fulfilling the duties and responsibilities of those involved in the purchase or provision of services to prevent harm to the consumer.


Código de Obras e Edificações (COE)

Code of Works and Buildings (COE) – Regulated pelaLei No. 11,228, June 25, 1992. General and specific rules to be followed in project licensing, implementation and maintenance of buildings.


Conselho Federal dos Corretores de Imóveis (Cofeci)

Federal Board of Realtors (Cofeci) – Created in 1964 to regulate and monitor the activity of Realtors.


Companhia Metropolitana de Habitação de São Paulo (Cohab)

Metropolitan Housing Company of São Paulo (Cohab) – Founded in 1965 to facilitate access to housing of low-income people, according to the rules and criteria of the Municipal Government and the federal legislation.


Comissão ou Corretagem

Commission or Brokerage – Amount paid to the professional who mediates between the business owner and the consumer, facilitating the purchase or sale of a property.


Comprometimento de renda

Income commitment – Percentage of the income of a family booked for the payment of bank debt as financing of property, cars or other property.


Comprovação de renda

Proof of income – Documents that prove to the bank that interested in funding has the financial means to buy the property. Example: paycheck, bank statement and drive investment, portfolio of work, statement of Income Tax and others.


Condomínio

Condo – In building or group of houses, residents pay a fee according to the proportions, or quota, of each property. The rate includes cost of maintaining the common areas, water, electricity, staff salaries, among others.


Contrato

Contract – Written agreement between two parties setting out the terms of the purchase, the sale or lease of a property. Both parties must fulfill the particular document that is because it has the force of law, unless it contradicts a higher law.


Contrato de adesão

Contract of adhesion – Document printed with plain language, legible letters, which must be signed by the person or a business initiative, as a consortium, for example.


Contrato de compra e venda (contrato de promessa de compra e venda)

Purchase and sale agreement (the purchase and sale agreement) – Document that the property owner (well) agrees to sell to Buyer, who agrees to purchase the good, in accordance with the conditions of price and time specified.


Contrato de gaveta

Drawer contract – Irregular before the law, has no financial agent and provides huge risk for both parties involved in the negotiation. Verbal contracts are closed.


Contrato de mútuo

Loan agreement – Lender (seller) transfers to the borrower (buyer) the right domain borrowed, which now account for the risk of the thing received.


Construtora

Constructor – Company or organization specializing in the construction industry to build buildings, houses, roads, among others


Construção por administração

Construction administration for – Contractor receives payment for the percentage of services performed by the construction, which can be a fixed value. The owner of the work assumes the risk and term. Purchasers of units in a building pay the construction costs.


Construção por empreitada

Construction on contract – Seller builds the work and is responsible for the final delivery of the property to the buyer, in accordance with the deadline established by payment of an amount determined in accordance with the clauses of the Purchase and Sale Agreement.


Consultoria

Consultancy – Professional hired to guide, troubleshoot or issue an opinion on a particular subject.


Convenção de condomínio

Condominium Convention – Document that records hits as: apportionment of fees paid by residents of the condominium administration, issues to deal with in ordinary and extraordinary general meetings, convening of these meetings and the necessary “quorum” for resolution of the issues discussed.


Cooperativa

Co-op – Association of at least 20 members with common interests, organized democratically, nonprofit, to encourage savings, the acquisition and the economy of their associates.


Correção monetária

Indexation – Revision of the outstanding balance of the purchase by a contract or by applicable law, in which the rate used to measure the depreciation of the currency is established.


Corretor de imóveis

Realtor – Professional registration in Creci, approaching the seller and buyer of a property after help in decision making, based on visits to some units of the city, presented by the broker.


Conselho Regional de Engenharia, Arquitetura e Agronomia (Crea)

Regional Council of Engineering, Architecture and Agronomy (CREA) – Directs, regulates, supervises and advises professionals from the fields of engineering, architecture and agronomy in Brazil.


Conselho Regional de Corretores de Imóveis (Creci)

Regional Council of Realtors (Creci) – Directs, regulates, supervises and advises the exercise of professional realtors.


Credor

Creditor – Legal or physical person holding the credit; for those who must pay.


Crédito imobiliário

Housing credit – Granted by the banking agents for the purchase of a property.


Crédito habitacional

Housing credit – Granted by financial institutions for the construction, renovation or acquisition of housing.


Cronograma físico

Physical schedule – Organizes the activities of a work over time, defining stages and milestones in accordance with the period of performance. Included data from all steps.


Cronograma físico-financeiro

Physical and financial schedule – Iinclui spent on the work during the construction period, as payment of manpower, purchasing materials, contingencies, etc. Moreover, steps and organizes each time.


Carta de crédito FGTS

Letter of credit FGTS – Financing facility that uses FGTS funds from the buyer to subsidize the purchase of the property. This kind of feature can only be used once and is in conjunction with Minha Casa Minha Vida.


Carta de crédito Sistema Brasileiro de Poupança e Empréstimo (SBPE)

Letter of credit Brazilian System of Savings and Loan (SBPE) – Grant funding (through age 35) residential properties. Line of credit that uses the resources of the Brazilian System of Savings and Loan (SBPE); according to the value of the property and funding to be hired can be hired under the conditions of the Housing Finance System (SFH).


Covered bonds

Covered bonds – Funding issued by banks with public oversight and governed by specific rules. Investors have rights to a portfolio of credits (cover pool) in relation to other customers of the financial institution. The bank, in turn, has an obligation to maintain sufficient assets in credit in order to satisfy the interests of investors at any time portfolio.


CCB

CCB – Brazilian Civil Code.


CCFGTS

CCFGTS – FGTS Trustee Council. Body composed of representatives from civil society and government.


Cessionário

Assignee – One that benefits or is the purchaser of certain demise.


CER

CER – Control Loans and Refinancing.


Croquis

Sketches – Design of the floor plan.


Cláusula Resolutiva Expressa

Clause Resolutive Express – Is the clause was inserted by the parties in the contract. The existence of express termination clause entails the termination of the contract by operation of law as a result of default.


CMN

CMN – National Monetary Council


Consorciado

Intercropping – Participant Group consortium to acquire the property.


Contrato de empreitada

The worker contract – Contract whereby one party undertakes to do the right work and the other to give the agreed remuneration.


Contrato de financiamento

Financing agreement – Credit transaction entered into between the Financial Agent and the Borrower / Worker.


CRF

CRF – Certificate of FGTS.


CRI

CRI – Registry of Properties.

Deck

Deck – Wood floor that surrounds the edge of repassamentos water, mainly used around a pool.


Demolição

Demolition – Destroy certain construction to make room for another.


Depreciação/Deságio

Depreciation / Discount – Devaluation of property between the list price (nominal value) and the amount paid, causing injury to the owner of the well.


Devoluto

Unoccupied – Building for lease, that is not populated.


Direito de preferência

Preemptive right – According to the law, the sale of the property, the tenant has first refusal to purchase the asset. The first owner offers the tenant the option to purchase the property.


Dívida

Debt – Value to be paid to an institution. The financing agreement, the debt is to be paid the balance due.


Doação

Donation – Contract freewill and at the expense of their heritage offers a free thing or right to another person; still assumes the obligation for the benefit of a third party.


Data da operação

Date of transaction – Date of the debt, in the blocked account of the worker, the value of FGTS used.


DIRPF

DIRPF – Statement of Income Tax for Individuals.


DOU

DOU – Official Gazette.

Encargo mensal

Monthly charge – Debt paid monthly. In mortgages, is the portion of the monthly amortization and interest paid in installments added to portions of the MIP insurance and DFI.


Escritura

Deed – Authentic public document of a contract, such as purchase and sale, written by a notary public or official signed between the parties involved in the transaction and two witnesses.


Escritura definitiva

Final deed – Juridical act drawn in Registry, in which the seller conveys to the buyer the ownership and ultimate mastery of the well. It is performed after full payment of the property and must be registered in the Service Registry of Deeds of the relevant region.


Edificação

Edification – Covered work home to human activity or any facility, equipment and material.


Edificação permanente

Permanent building – Enduring character as a building, home, store, industry, among others, etc.


Edificação transitória

Temporary building – Has no permanent and can be assembled, disassembled and transported.


Edifício

Building – Vertical construction with units with multiple objectives. Example: residential, commercial, hosting among others.


Empreendimento

Enterprise – Any property with construction completed. Example: apartments, houses, shopping centers and halls.


Especulação imobiliária

Property speculation – Purchase and sale of property by an entity whose sole purpose is profit per asset.


Estande de vendas

Sales booth – Environments that builders assemble to show the customer, in real size, the characteristics of the plant’s property.


Estrutura

Structure – Set of elements that gives support and stability to a work, or step on which to build the skeleton of the building.


Execução

Execution – Act to enforce the penalties, sanctions or collection in a signed contract.


Execução extrajudicial

Extrajudicial execution – Applies to the penalties provided for in the contract without recourse to justice. In this case, the execution is carried out by a trustee.


Execução judicial

Judicial execution – Lawsuit in progress in court to apply the penalties specified in the contract.

Fachada

Facade – Any one of the outer surfaces of a building. The term is used generally to classify the facade of the front or main facade facing the street.


Flat

Flat – Building a hotel run by professionals that offers its residents, infrastructure and services similar to those offered in a hotel. The idea is to look like a house.


Fração autônoma

Autonomous fraction – Horizontal parts of the property on which the building was divided. Example: houses, garages, shops, among others.


Fiador

Guarantor – Responsible to pay the debt of another person. In the lease of property contracts, the presence of the guarantor is quite common.


Fiança

Bail – It is the act or the contractual promise that gives the lender security of the payment of the debt, which is done through the promise of a third party guarantor.


Financiamento direto

Direct funding – The developer itself provides financing to the buyer to purchase the property.


Financiamento imobiliário

Mortgage – Loan made ​​with financial institutions to defray the costs of construction, renovation or purchase of a property.


Fundo de amortização

Sinking fund – Funds deposited in a special account at intervals, to pay off debts and interest that fall on real and personal property in order to repay the debt.


Fundo de Compensação das Variações Salariais (FCVS)

Fund Salary Variation Compensation (FCVS) – Responsible for paying the remaining balance of real estate contracts signed until 1993.


Fundo de Garantia do Tempo de Serviço (FGTS)

Severance Indemnity Fund for Employees (FGTS – It consists of linked accounts on behalf of employees registered under the CLT (Consolidation of Labor Laws). The employer makes monthly deposits of 8% of the employee’s salary plus monetary correction and interest.


Fundo de Investimento Imobiliário (FII)

Property Investment Fund (REIF) – Real estate investment managed by a financial institution regulated and supervised by the Securities Commission (CVM). Through the sale of shares, small and medium investors can participate in the net income of large enterprises (such as malls and office buildings). The income generated is proportionally distributed to participating shareholders.


Fundo de reserva

Reserve fund – Amounts deposited at intervals in a specific account of the condominium to perform maintenance works, repairs or improvements in the common areas of the condominium.


Funding

Funding – Type of loans to real estate to finance construction projects.


FAR

FAR – Residential Lease Fund


Fiscalização

Supervision – Routine Operating Agent to oversee operations using FGTS own villa, conducted by Financial Agents and Managers Consortium.


Financiamento regular

Regular funding – Funding provided by the rules, laws.

Garantia

Escrow – Act that secures the creditor’s payment of a debt if the debtor fails to fulfill the contract that is signed on.


Garantia Real

Collateral – Act in which the debtor himself, or someone represented by him, intended all or part of its assets to secure compliance with a contracted debt.


Gravame financeiro

Financial encumbrance – A property that has a debt, a fact that prevents the sale of the same.


GEPAS

GEPAS – National Management Administration Liabilities FGTS.


GIFUG

GIFUG – Management Branch Administration FGTS.

Habite-se

Occupancy Permit – Certificate of completion of works, drawn up by the city in a region, which certifies that the newly constructed or renovated property meets the legal criteria. The property is only fit to be occupied after the release of this document, issued after onsite inspections by the city (compare the construction with the approved project) and tax public services (fire station, power company, water and sewer).


Hall de entrada

Lobby – Immediate division of the house to the outside.


Herança

Heritage – Set of assets, rights and obligations, transmitted by will or by way of succession someone leaves upon his death.


Hipoteca

Mortgage – Guarantee payment of the debt issued by the debtor to the creditor by means of movable or immovable property. In case of non-payment of the debt, who owns the mortgage may be preferred on the right to promote the judicial sale of the mortgaged property.

Inadimplência ou inadimplemento

Delinquency or default -Act of disobeying an obligation, such as the payment of debts. Example: resident stops paying condo.


Incorporador(a)

Incorporator – Legal or physical person who hires the construction of buildings, either apartments or houses in condominium system. The developer carries out the sale of these ventures before completion of the work and takes responsibility to deliver them (under contract) in accordance with the deadline established price and conditions.


Indexação

Indexing – Price adjustment system according to official indices, to fix the value of the currency and guarantee their purchasing power.


Índice de Preço ao Consumidor Amplo (IPCA)

Consumer Price Index (IPCA) – It is one of the indices adopted in the purchase and sale of real estate contracts, and can be charged both during construction and after the delivery of the property.


Índice Geral dos Preços – Mercado (IGP-M)

General Price Index – Market (IGP-M) – It is calculated and published monthly by Fundação Getúlio Vargas. Adopted in the purchase and sale of properties and can be applied both during construction and after the delivery of the keys.


IN

IN – Instruction.


Interstício

Interstice – Interval.


INSS

INSS – National Social Security Institute.


Imissão de posse

Writ of entry – Lawsuit to confer ownership of a property to anyone who has not yet. Used in cases of buying auctioned property that is necessary to petition for eviction of residents and the local unemployment.


Imobiliária

Real estate – Real estate company which operates in the purchase, sale and leasing of properties.


Imóvel alienado

Alienated property – Is borne by the lender until your discharge (see liens).


Imóvel na planta

Property in the plant – properties that have not yet begun to be built or that are not under construction.


Imposto de Transmissão ou Imposto de Transmissão de Bens Imóveis (ITBI)

Transmission or Transfer Tax Real Estate Tax (ITBI) – Proportional to the amount charged by the property prefecture, when the property transfer occurs.


Imposto Predial e Território Urbano (IPTU)

Property Tax and Urban Planning (property tax) – Municipal tax paid annually in installments in monthly installments or in cash by the owners of houses, apartments, urban land, office space, etc. The basis of calculation varies depending on the city and takes into account the value of sale of the footage, location, destination and type of property.


Índice Nacional da Construção Civil (INCC)

National Cost of Construction Index (INCC) – Indicator that shows the evolution of the costs of residential buildings and is usually applied to these types of real estate financing in the period in which the work is being performed.


Imposto Federal sobre Operações Financeiras (IOF)

Federal Tax on Financial Operations (IOF) – Charged by the Federal Government for any transaction made in banks or funding.


Inflação

Inflation – Adjustment (upward) price of goods and services in the economy, causing a loss in the real value of the currency.

Juros

Interest – Amount charged periodically that you made a loan and constitute the profits of the capital employed.


Juros bancários

Bank interest – Amount charged by banks, which varies depending on the transaction.


Juros compostos

Compound interest – also known as interest on interest levied every month according to the cumulative sum of the capital with the monthly income. Used to calculate investment and financing as it offers higher pay.


Juros de mora

Default interest – Amount charged by the daily delay in payment of the debt, and can be applied independently of other fixed percentage of fines. Used by administrators credit card.


Juros nominais

Nominal interest – Includes the adjustment of amount borrowed, inflation period is not discounted that value.


Juros simples

Simple Interest – Pay only on the value of the loan or application, instead of compound interest.

Lançamento imobiliário

Release real estate – Home sales in a real estate venture, which before the work begins.


Lance

Lance – Offer of advance payment for obtaining Letter of Credit consortium


Laudêmio

Laudemio – Fee charged by the Union in the transactions of purchase and sale of a property located on the waterfront.


Leilão

Auction – Modality of public sale of movable or immovable property; purchasing the property who offers the highest bid public auctioneer.


Licença de construção

Building permit – Document issued by the City Council authorizing the construction of an urban building.


Liquidação antecipada

Early settlement – Discharge of a debt before the deadline established in the contract.


Locador

Lessor – Anyone who has the rental property for commercial purposes.


Locatário

Lessee – Who rents or uses a property by paying in cash form or other services. It is also called a tenant.


Loft

Loft – Residential property (house or apartment) with differentiated plant, where there are no walls and internal divisions. Its main features are: ceiling height (of at least 3.20 meters) with integrated kitchen suite on the mezzanine, natural lighting, bricks and pipes in preparation for electrical, hydraulics and air-conditioning.


Lote

Lot – Area of land for construction.

MMP – Manual FGTS

MMP – FGTS Guide – Use in Own House.


Município Limítrofe

Borderline municipality – one who has common boundaries.


Mutuário

Borrower – Beneficiary end of the operation of real estate loan.


Maquete

Marquise – Front cover of a building on the walking street, which protects the gateway.


Marquise

Cobertura frontal de um prédio, sobre o passeio da rua, que protege a porta de entrada.


Matrícula do imóvel ou escritura

Property deed or registration – Registration Number / ID property in the Registry of Property, the same, since its construction, attests to the ownership of the property.


Memorial de acabamento

Memorial finish – Detailed list of materials used in the finishing of the building. The buyer must be submitted by the company responsible for the work, upon purchase of the property.


Memorial de incorporação

Memorial of incorporation – Cconjunto documents that responsible for the work is required by law to register with the Clerk of the General Property Registry before you start advertising and selling of real estate development. Serves as a guarantee to the buyer, since it attests to the legality of the enterprise discriminates entire architectural design, workmanship, materials that will be used during construction and requires the contractor to deliver the property in accordance with what was recorded. Among the documents: architectural design approved by the city of the region, and title clearance certificate of encumbrance of the land and possible debts to the Union, the state and the municipality, description of the finishes of the building, according to the model of the Brazilian Association of Technical Standards (ABNT ).


Memorial descritivo

Descriptive history – Document given to the owner at the time of signing the purchase contract for a property in the plant or in construction. Details the materials and equipment to be used in the construction of the building and finishing units, footage of floor area and common usage, location of parking spaces, among others. The memorial must be filed in the Registry of Property and Real Estate; is prepared according to the ABNT. During inspection of the property by the resident, it is advisable to make sure that all specifications were met by descriptive Memorial charge of the work.


Metro quadrado (m2)

Square meter (m2) – A measurement of the surface pattern of the International System of Units.


MIP

MIP – Death and Permanent Disability (MIP) – housing insurance that is included in the plots of funding.


Mora

Mora – He who does not perform an obligation or refuses to receive payment on the scheduled date is in arrears, the same delay.


Multa

Fine – Action penalizing through taxes or other financial measures, one that does not meet laws, regulations or contracts.


Mutuante

Creditor – owner who transfers a fungible good to another and may be individual or entity. .


Mutuário

Borrower – One who buys and receives a fungible before a loan agreement.


Mútuo

Mutual – reciprocal agreement in which the lender (owner) transfers a fungible good to another (borrower), who must repay what was borrowed in kind, quality and quantity. Example: mortgage contracts.

Nota promissória

Promissory Note – Financial document in which the borrower is obliged to make payment at any given time.


NU-proprietário

NU-owner – is not that the owner beneficially owns on the property.

Obra

Work – Work performed on a plot or a property, from inception to completion; the result changes or generates benefits from their previous physical space.


Obra complementar

Additional work – built spaces that add to the main work, as covered walkways and entrances.


Operação

Operation – Using the FGTS own house.


Operação Regular

Regular operation – Operation loot for use in their own house made ​​according to the rules, laws.


Opção de planta

Option plan – features the same private area of the plant the other units of an enterprise, but the layout, the type and size of the environments vary, leaving the buyer to choose the most suitable to your needs and lifestyle.


Ordem de despejo

Eviction order – judicial writ that compels vacating the property by the tenant in a stipulated time frame.


Ordem de pagamento

Money Order – Authorization issued by person or entity for the payment of certain amount who is right.


Outorgante

Grantor – One who grants the deed and transfers the right by a public deed, pre-contract or any other contract.

PAR

PAR – Residential Leasing Program.


Parcela

Portion – periodic payment of a debt by a specified time.


PEF- FGTS

PEF- FGTS – Economic plans.


Pé-direito

Ceiling height – Height of an environment between the floor and the ceiling, which ranges from 2.5m to 2.9m.


Penhor

Pawn – Action in which the debtor puts a good, movable or immovable, as security for payment. In the event of default by the lender as well be appropriate.


Penhora

Garnishment – Debtor’s right to dispose of their benspara ensure payment of a debt incurred. When the attachment is executed, it becomes a legal collection, in which the debtor loses possession of his goods, which are sold by the court to make payment to the lender.


Permuta

Swapping – Act to establish an exchange. The exchange in real estate occurs when the owner of a property provides the site for the construction of a new venture and receives in exchange for units of the property.


Perfil do terreno

Terrain profile – Classification of the topography of a lot.


Plano de Comprometimento de Renda (PCR)

Impairment Income Plan (CRP) – Used in mortgages and restricts the maximum 30% utilization of household income for the payment of benefits from the property purchased.


Plano de Equivalência Salarial por Categoria Profissional (PES/CP)

Salary Equity Plan by Professional Category (PES / CP) – In force between 1984 and 1993 determined the adjustment of the parcels of real estate financing as the salary increase of the professional category of the purchaser of the property.


Planta

Plant – Design of a building realized from the horizontal cut at the height of 1.5 m from the base. Contained all the details of the property in the future scales as measures of walls, windows, doors, the name of each room and enter another.


Prazo de financiamento

Term financing – Time between the loan and the discharge of funding.


Prestação

Provision – periodic payment to repay a debt. In the case of mortgages, benefits consist of a percentage of depreciation, interest and installments of personal insurance and property.


Prestação Fixa

Fixed rendering – Throughout the financing, the payment amount is the same. The rate levied in such cases (calculated on the same parameters SAC) is 18% per year.


Procuração

Proxy – certificate notarized document in which a person gives authority in relation to a particular topic, so that the other act on its behalf.


Programa Minha Casa Minha Vida (PMCMV)

Minha Casa Minha Vida (MCMV) – Program of the federal government that works in partnership with states, municipalities, businesses and nonprofits. Offers some facilities, such as discounts, subsidies and reducing the amount of mortgage insurance. There are several lines of credit available to the consumer, according to its economic profile, ranging from household income of R$ 1.395 to R$ 5.000.


Proponente

Proponent – Person requesting financial àinstituição funding.


Promitente Comprador

Prospective Buyer – One who promises to buy from someone.


PSH

PSH – Subsidy Program for Social Housing.

Quitação

Discharge – Full payment of a debt; the discharge receipt is a document stating the total debt payment.


Quórum

Quorum – Minimum number of people present in a deliberative assembly to validate a proposal. Meeting of unit owners in the presence of two thirds of the building is required.

RCCFGTS

RCCFGTS – Resolution of the Board of Trustees of the Guarantee Fund for Time of Service.


Reajuste

Adjustment – Application of interest and inflation to the outstanding balance and the monthly charge, as the rate stipulated in the contract.


Recebível

Receivable – Certificates of mortgages of builders and financial institutions have with their debtors, individuals or entities; borrowers of loans for the acquisition or construction of buildings.


Registro de incorporação ou Reserva de propriedade

Registration of incorporation or retention of title – Right granted by law who sells the property to maintain ownership of the property until all obligations governed by the contract are met by the buyer.


Registro interno

Internal record – set of reports for different activities within a company.


Reipersecutórias

Reipersecutórias – It is said of the action that we demand what is ours and what is out of our patrimony. When an action is reipersecutória claim ownership or ownership of something, usually in enforcement actions or debts of possession and ownership (as execution lien, mortgage or liens).


Repasse

Transfer – Amount to be financed by the bank to the borrower and before the delivery of the property and the issuance of the occupancy permit was funded by the developer itself.


Rescisão

Termination – Breaking, cancellation or termination of existing contractual relationship.


Retrovenda

Retro sale – special clause in a contract of purchase and sale of property that entitles the seller to recover during a certain period, the property sold, upon return of the property price and all expenses of the buyer.


Revisional

Revision – Revisional same action lawsuit is a contract that allows the revision of clauses of a contract funding to reduce or eliminate the outstanding balance as well as changing values ​​installments, periods and even the receipt of amounts already paid.


Região metropolitana

Metropolitan region – Region consists of counties that even without common administrative linkage, belong to one and the broad socioeconomic community. The members of a Metropolitan municipalities are defined by state law.


Regime Enefitêutico

Regime Enefitêutico – The Union can maintain direct ownership of goods under this regime, ie, keeps the title on the property, giving the purchaser the right to use real property, also known as a useful domain. The Federal Constitution has required the enfitêutico regime in marine and land plus, situated on the security strip from the seafront (art. 49, § 3 of the Temporary Constitutional Provisions Act).


Requisito

Requirement – Condition to be fulfilled.

Saldo devedor

Balance Due – Amount remaining to repay a debt. In mortgages outstanding balance is adjusted monthly as the index and the interest rate under the contract.


Saldo residual

Residual balance – amount to more or less of a debt at the time the contract expires. Negative balance: the buyer has paid in addition to the stipulated and should receive the difference; surplus: the owner must pay the difference to the lender.


SCONS

SCONS – System Consortium.


Securitização

Securitization – Conversion of debt in the form of bills, checks, promissory notes title with ballast subject of negotiation between financial institutions. The debt collection and expenditure of this process is the responsibility of the investor getting exempted from any burden to securitization and other intermediary. These transactions are governed by Law No. 9514, which created the Housing Finance System (SFI).


Seguro de danos físicos ao imóvel (DFI)

Sure to physical property (DFI) damage – mandatory for hiring a financing that is paid along with providing Property Policy. It covers damage incurred by fire, flood, and others.


Seguro de Incêndio

Fire Insurance – The insurance company guarantees that in case of fire, lightning or explosion in the property to be insured, the insured may receive compensation. It is a compulsory insurance that can be added to complementary toppings.


Seguro de Morte e Invalidez Permanente (MIP)

Insurance Death and Permanent Disability (MIP) – Mandatory Policy of the Housing Finance System (SFH) that provides coverage in case of death, permanent disability to the person that life is assured or his heirs.


Seguro de vida

Life Insurance – A contract in which the insurer, upon receipt of a premium, undertakes to indemnify a person or a third, previously established for losses that may occur in the future and which are contemplated in the agreement. The basic coverage is Accidental Death or Natural Death, yet the coverage can be extended, as Permanent Total or Partial Disability due to Accident, Sickness by Special Anticipation, Individual or Family Funeral Service, among others.


Sinal

Sign – Amount paid by the buyer as security that the business will be conducted.


Sistema de Amortização Constante (SAC)

Constant Amortization System (CAS) – Payment of a debt in which the rate of depreciation (plus the provision) is constant, and the rate of interest charged on the total outstanding balance decreases over future installments.


Sistema Brasileiro de Poupança e Empréstimo (SBPE)

Brazilian System of Savings and Loan (SBPE) – Entity that brings together financial institutions that provide capital for financing a property. “Caixa Econômica Federal, as Caixas Econômicas Estaduais, Sociedades de Crédito Imobiliário and Associações de Poupança and Empréstimo ” are part of that system.


Sistema de Amortização Crescente (Sacre)

Increasing Amortization System (Sacre) – Allows greater amortization of the amount financed, as it reduces both the amount of interest charged on the outstanding balance. Regarding the Price Table, presents the beginning of financing higher tranches with stable monthly payments and long-term financing values ​​tend to decrease.


Sistema de Amortização Misto (SAM)

Mixed Amortization System (MAS) – Benefits are calculated from the arithmetic means of the constant depreciation benefits system with the French system (even if the Price Table).


Sistema de Financiamento de Habitação (SFH)

Housing Finance System (SFH) – Created on 21/08/1964 by Act No. 4320, to raise funds for the housing sector and finance the construction and purchase of a property.


Sistema de Financiamento Imobiliário (SFI)

Housing Finance System (SFI) – Created on 20/11/1997 by Law No. 9514, the system allows the securitization of mortgages and liens introduces the market. Can operate through SFI’s savings banks, commercial banks, investment firms, with Portfolio Mortgage Loans, Real Estate Loan companies, among others.


Sistema Financeiro Nacional

National Financial System – Collect a set of institutions, financial or otherwise, aimed at managing the monetary policy of the Federal Government and the country’s economic development. Guided by three regulatory agencies, the National Monetary Council (CMN), the National Council of Private Insurance (CNSP) and the National Council of Supplementary Pension (CNPC).


Sistema Francês de Amortização

French Amortization System – Used by construction companies to calculate the benefits of real estate financing. It is composed by the interest rate market and amortization. Over the payment period, the interest rate decreases while the depreciation increases. The method is also known as protic table.


Sociedade Anônima (S/A)

Corporation (S / A) – Social capital is not tied to a specific name; is divided into shares that can be bought freely without the need of a public deed or other notarial act.


Sociedade de Propósito Específico (SPE)

Special Purpose Entity (SPE) – very restricted economic activity that isolates the financial risk of the activity developed.


SIUMP

SIUMP System – Using the FGTS in Own House.


SR

SR – Regional Superintendent of Financial Agent CAIXA.


SUFUG

SUFUG – Superintendence of the Guarantee Fund.

Tabela Price

Price Table – Used by construction companies to calculate the benefits of real estate financing. It is composed by the interest rate market and amortization. Over the payment period, the interest rate decreases while the depreciation increases. The method is also known as French Amortization System.


Taxa

Tax – Tax levied as payment for services rendered to the taxpayer.


Taxa de câmbio

Exchange rate – Value assigned to a foreign currency in order to buy and sell.


Taxa efetiva

Effective rate – Used for purposes of calculations to be considered real, actual; expressed in a period equal to the formation and incorporation of interest to capital.


Taxa nominal

Nominal rate – Interest formalized in the purchase agreement and will be added portions of funding.


Taxa Referencial (TR)

Reference Rate (TR) – Defined by month by the Central Bank as the average compensation of banking applications. Adjustments used in real estate financing, from savings and other contracts.


Terraço

Terrace – Setting a property located in the upper floor levels.


Terraplanagem

Earthwork – Planing and land a ground for receiving a building.


Terreno

Land – Place where the buildings are constructed.


Trabalhador

Worker – Holder (s) account (s) bound (s) of the FGTS.


Terreno edificado

Land built – which houses a construction site.


Tipologia

Typology – The science that studies the models to an array; is present in all areas of knowledge.


Título caucionado

Title secured – That given as collateral for a business transaction, serving as pawns in the event of nonpayment.


Título de propriedade

Legal title – A document that formalizes the purchase or transfer of an asset to another person and must be registered in the Registry of Property and Real Estate for who has legal validity.


Transmissão

Transmission – Act of transferring one thing, debt, duty or responsibility to someone.


Transmissão de propriedade

Conveyancing – Held between living persons or due to death of owner.

Unidade

Unit – Name given to the property of a real estate project.


Usucapião

Adverse possession – Method of acquiring a thing or a good by means of continuous, peaceful and uncontested possession, assuming loss of control, resignation or abondono by the owner in accordance with the time stipulated by law.


Usufruto

Enjoyment – real cool and Law conferred by the owner to a person during a set period, which authorizes it to enjoy the benefits of use of the goods without the owner lose his right of possession of the thing.


Usufrutuário

Beneficial – one who beneficially owns, ownership, although not the owner.

Valor Geral de Venda

Sales Value – Total sales of all units of a housing development.


Valor de mercado

Market value – Value of purchase and sale of a particular property by experts.


Valor do contrato

Contract value – Sum of benefits to be paid by the owner assumed in the purchase and sale of the property contract.


Valor nominal

Nominal value – value to be paid in a title.


Valor venal

Market value – Value of the sale of a property as determined by the city, taking into account characteristics such as length, location and the allocation of the use of the well.


Valor real

Real value – Value of the thing itself, which does not vary by agreement or arbitration.


Vintenária

Vintenária – Certificate issued by the Registry of Property and Real Estate, stating the history of all the changes done well in the last 20 years.


Vistoria de imóvel

Property Inspection – Inspection done on a property in order to verify that the urban building meets the legal requirements. Conducted by experts from the mayor and other professional providers of public services such as water and light, before dispatch of the occupancy permit and also the property, after the delivery of the keys by the builder owner.

Zonas protegidas

Protected areas – are areas defined by the Master Plan of each city, which does not allow the construction of an urban building or rules that limit such construction.


Zoneamento

Zoning – division of a city into zones, according to urban characteristics such as destination, type of construction and activity. Example: areas where there are shops, residences, industries, cultural heritage preservation, among others.

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