Real Estate Glossary

In this Glossary of Real Estate you can find explanations about the main terms and concepts associated with this activity, which are the result of my professional experience as a Real Estate Consultant. Its reading does not exempt the consultation of legal and notarial professionals. (just click on the letters below)

Additional to IMI

Adicional ao IMI
This tax, unlike IMI, reverts to the State coffers and applies to all individual and collective taxpayers, who are holders of real estate whose global value exceeds € 600,000 . Read more


Apartment is the designation for an independent fraction of a building, intended for private housing, thus residing several families in the same building. Read more

Building Permit

Alvará de Construção
The construction permit is a document that entitles the holder to carry out a construction work, in the manner described in that permit. Read more


In a given year, a real estate consultant belonging to Keller Williams upon reaching a certain limit in commissions received (in Portugal this value is € 50,000) joins Clube Capper . From that moment and until the end of the year, you will receive 95% of the commission charged to customers. Read more

common parts

Common parts are generally considered to be parts of a building that are not for the exclusive use of one of the joint owners: floors, foundations, roofs, entrances, stairs, patios and gardens, elevators, garages, etc. Read more


Condominium is the name used for a set of apartments that make up a building, in case they belong to different owners. Read more

Condomium Meeting

The General Meeting of Shareholders has the function of managing a condominium and is made up of all joint owners of the condominium and the Administrator appointed by the meeting. Read more

Constitutive Title of Horizontal Property

Constitutive Title of Horizontal Property is the notarial deed that instituted the building in horizontal property, that is, that divided it into autonomous fractions as independent units and common parts. Read more

Debt Consolidation

Crédito Consolidado
Debt Consolidation aims to reduce monthly charges on multiple loans, through negotiation, aiming at reducing credit costs (one interest rate and a more favorable maturity). In summary, credit consolidation involves renegotiating a portfolio of several credits and converting them into one, with better conditions. Read more

Dependent Gross Area

Área Bruta Dependente
The Gross Dependent Area refers to the covered and closed areas for the exclusive use of the owner, whose use is ancillary to the use for which the building or fraction is intended, and which are not included in the calculation of the Gross Private Area (eg garage , storage, annexes, attic, etc.). Read more

Deployment Area

Área de implantação
The Implementation Area is the area located within the perimeter of the building's anchorage to the ground measured from the outside, including the area occupied by porches and sheds with pillars fixed to the ground. Read more

Deployment Polygon

Polígono de Implantação
The implantation polygon is the closed polygonal line that delimits an area of the ground within which it is possible to build. Read more


This designation is usually used to classify a house that is spread over two floors , with an interior staircase that connects them. Read more

Effort Rate

Taxa de Esforço
The effort rate is an indicator that measures the weight of financial expenses in the total household income and is used in the risk analysis. Read more

Energy certificate

Certificado Energético
This document aims to inform the potential buyer of a property about the overall energy performance of the building, improvement measures that increase energy efficiency, comfort and the eventual reduction in energy consumption. Read more

Eviction lawsuit

Ação de Despejo
Lawsuit in which the landlord asks the court to cancel the contractual relationship with the tenant and oblige the tenant to vacate the property under the lease. Read more


Permuta de Casas
An exchange, in the real estate sector, occurs when two owners enter into a contractual agreement to exchange one immovable property for another, of equal or different value . Read more

Exclusive Dealing Agreement

Contrato de Exclusividade
An Exclusive Dealing Agreement within the real estate mediation, is supported by a Mediation Contract that provides for the promotion and sale of a property, during a given period, forcing the owner not to enter into similar contracts with other mediators, during the contractual period. Read more


FINE - Ficha de Informação Normalizada Europeia
The FINE (European Standardized Information Sheet) is a mandatory document that emanates from Banco de Portugal and that banks have to provide whoever contracts a credit, namely the mortgage credit, where information is provided on the main characteristics of the loan Read more

Floor Area Ratio

The Utilization Coefficient (CA) or Utilization Index (IA) indicates the relationship between the construction area and the total area of the plot of land in which the property is located. Read more

Free Land Area

Área do Terreno Livre
The free land area corresponds to the land not occupied by the buildings (outdoor spaces) and includes gardens, parks, playgrounds, swimming pools, backyards and other public places. Read more

Golden Visa Portugal

The Golden Visa (commonly known as the Golden Visa), has the technical name of Residence for Investment Activity (ARI), and is a regime that allows foreign citizens to obtain a temporary residence permit for investment activity. Read more

Gross Area

Área Bruta
It is the total surface of the building or fraction, and represents the sum of the gross areas of all floors of a building, above and below the ground, and is measured considering the exterior of the walls that delimit, or separate the fires. Read more

Gross Construction Area

Área Bruta de Construção
The gross building area corresponds to the sum of the private gross area and the dependent gross area. Read more

Gross Private Area

Área Bruta Privativa
Corresponds to the total surface, measured by the outer perimeter and axes of the walls or other elements separating the building or fraction. Read more

Growth Share

Growth Share - Keller Williams
Growth Share is an extra income that Keller Williams consultants can receive if they help to recruit other consultants for this real estate franchising company, in Portugal or anywhere in the world. Read more

Habitation License

It is a document that attests that the housing has already been inspected and respects the legislation in force in order to be inhabited. Read more

Horizontal property

A building is constituted as a Horizontal Property when it is divided into autonomous fractions (independent units), namely apartments or floors and garages. Read more


This is a common designation for an independent house, with or without a garden, and it is also common to use the word housing instead of housing. Read more

Housing Data Sheet

Ficha Técnica da Habitação
The Housing Technical Data Sheet (FTH) is a document that contains the description of the technical and functional characteristics of an urban building for housing purposes, which was recently replaced by the Book of Works. Read more


IMI - Imposto Municipal sobre Imóveis
The IMI or Municipal Property Tax is a municipal tax that is levied on the VPT (Tax Patrimonial Value) of all properties located in the national territory and whose payment is annual Read more


IMT - Imposto Municipal sobre Transmissões Onerosas
The IMT or Municipal Tax on Onerous Transmissions of Real Estate and applies to real estate transfers, located within the Portuguese territory. Read more

IMT simulator

If you intend to buy a property, you will have to pay the IMT (Municipal Tax on the Transfer of Rights for Real Estate) in the services of the AT (Tax and Customs Authority). Use this simulator to calculate the value of the IMT to be paid. Read more

Joint Owners

Owners are the people who, regardless of whether they live in the building or not, are simultaneously owners of one or more fractions and joint owners of the common parts. Read more

Land Registry Office

Conservatória do Registo Predial
It is a public service whose main function is to record all information related to real estate, that is: the location, composition and identification of successive owners. Read more

Living area

Área Útil
Living Area or Private Area is the sum of the areas of all housing compartments, including vestibules, interior circulations, sanitary facilities, storage, other compartments of similar function and cupboards on the walls, and is measured by the interior perimeter of the walls that limit the fire, discounting tracking up to 30 cm, interior walls, partitions and ducts. Read more

Mediation Agreement

CMI - Contrato de Mediação Imobiliária
The Real Estate Mediation Agreement consists of a document whereby the mediation company (real estate agency) undertakes, through an agreed remuneration and on behalf of the client, to seek interested parties for the purchase, sale, exchange, transfer, lease or assignment of positions in contracts having as object real estate. Read more


The mortgage corresponds to a real guarantee that assures the lender (usually a bank) that, in case of default by the debtor of the full payment of the loan amount, the first one can be repaid the amount due. Read more

Mortgage Cancellation

Distrate da Hipoteca
In the case of a contract related to home loans, the Mortgage Cancellation is a document issued by the bank and which proves the extinction of the debt and the termination of the associated mortgage. Read more

National Rental Desk

Balcão Nacional de Arrendamento
The BNA - National Rental Desk is designed to respond to landlords who decide to resort to the Special Eviction Procedure (PED), in order to expel tenants and revoke the current Rental Agreement. Read more


NRAU - Novo Regime do Arrendamento Urbano
The NRAU - New Urban Lease Regime is a set of laws that aims to respond to problems related to urban leasing: contracts with rents prior to 1990, rehabilitation works on rented properties, Eviction Action, etc. Read more

Online Commercial Registry

Certidão Permanente de Registo Comercial
The Online Commercial Registry is access via the Internet, in real time and at any time, to all computerized records, to all electronic documents associated with the entity's electronic folder or the latest social pact / updated statutes, of an entity registered at the commercial registry office, depending on the type of certificate signed. Read more

Permanent Certificate of Land Registry

Certidão Permanente do Registo Predial
Also known as Content Certificate , it is a document issued by the Land Registry Office that certifies all registrations made in relation to a given property: the description, the legitimate owner, the location, composition and the existence of encumbrances or charges on the property. (such as liens, mortgages or registered usufruct). Read more

Promissory Contract of Purchase and Sale

In real estate, the Promissory Contract of Purchase and Sale (“CPCV”) is a provisional document, signed between the selling party and the buying party, which aims to ensure the final conclusion of the property transaction, within a given period. Read more

Property Register

Caderneta Predial - exemplo de Caderneta Predial
The Land Registry is an essential document to buy or sell your home, but not only that. It is similar in importance to your citizen's card: without it, you cannot carry out certain legal procedures. Find out all about what a Land Registry is, what it contains, what it is needed for, where to get it and how to change it. Read more

Real Estate Appraisal

Avaliação imobiliária
The real estate appraisal is a process that implies the physical inspection of an appraiser - duly certified professional - to a property, with the purpose of estimating its financial value. Read more

Real Estate Appraiser

Avaliador Imobiliário
The appraiser or real estate expert is a professional with adequate academic training, accepted by the CMVM for the exercise of the activity and who conducts an appraisal of a property by producing a document called Real Estate Appraisal. Read more

Real Estate Brokerage

Mediação Imobiliária
The activity of Real Estate Brokerage is one in which, by contract, a company undertakes to endeavor to get interested in the realization of a business aimed at the constitution or acquisition of real rights over real estate, the exchange, the transfer or the lease of the property. or the assignment of position in contracts whose object is immovable property. Read more

Real Estate Canvassing

Angariação Imobiliária
The activity of Real Estate Canvassing is one in which, by contract for the provision of services, a natural person undertakes to carry out the actions and provide the services provided for the preparation and fulfillment of the real estate mediation contracts, entered into by the real estate mediation companies. . Read more

Real Estate Leasing

Leasing Imobiliário
Real Estate Leasing is a financing solution, for the purchase and / or construction of real estate, which allows the customer to enjoy a property for a certain period of time, against the payment to the owner of an income. Read more

Rental contract

Contrato de Arrendamento
The Lease Agreement is a document signed between the owner / landlord of a property and the tenant / tenant, which acts as a guarantee of the rights and duties of the parties involved. Read more


From a real estate point of view, the Spread of a bank loan for the purchase of a house is the fixed percentage that is added to the reference rate (usually indexed to the Euribor index). Read more

Sun Exposure

Influência da orientação solar na eficiência térmica de uma casa
The orientation and sun exposure, when buying a house, is one of the most important factors to consider for the sake of your comfort and the valuation of your investment. Read more


The APR or Annual Effective Rate corresponds to the annual cost of the bank loan, depending on the amount owed, including expenses and commissions. Read more


The TAER or Revised Annual Effective Rate corresponds to the TAE interest rate, plus the costs of the associated financial products, to allow a reduction in the spread rate. Read more


The TAN (Annual Nominal Rate) is the annual interest rate that serves as a reference for home loans. Read more

Topographic Survey

Levantamento Topográfico
The topographic survey consists of the mapping of the surface of a land , through measurements made by a surveyor, for the elaboration of a topographic plan that marks the variations of the relief and other geographical accidents . Read more

Toponymy Certificate

Certidão Toponímica
The Toponymic Certificate consists of a document issued and authenticated by the city council, which certifies the toponymy, building number (s) and / or the parish of the property in question. Read more


Tipologias de Habitação
The Typology of a House serves to designate the number of rooms in a house, as well as the structure and division of areas. Read more


By adverse possession is understood to be the right of possession over a movable or immovable property, due to having used it for a given period of time, continuously, as if it were the real owner of that property. Read more

Utilisation Licence

This document defines the type of use allowed for a given building or fraction: housing, or non-housing purposes (commerce, services, industry, exercise of liberal professions, parking, or warehouse). Read more


 VPT - Valor Patrimonial Tributário
The VPT or Tax Patrimonial Value is the value attributed to urban buildings for housing, commerce, industry and services, which is subject to the IMI - Municipal Property Tax rate. Read more

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