Australian Real Estate Glossary

 

 

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2 terms found.

1. RESERVE - The 'reserve price' is the lowest price at which the owner is willing to sell their property when it is being auctioned. Buyers are not told what the reserve price is

2. RESIDENTIAL TENANCIES TRIBUNAL - Specialist tribunal (under Government control ) that determines most matters relating to residential tenancies including breaches of tenancy agreements by either the landlord or the tenant. Usually does not involve lawyers. Recently changed its name to

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Australia

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