Real Estate Acronyms HL – House and Lot

HOA – Home Owners Association

commonly used in the HVAC – Heating Ventilation and Air
Philippines Conditioning
ISP – Indicative Selling Price
AP – Asking price
LA – Lot Area
APT – Apartment
LARES – LAand REgiStration
ARV – After Repair Value
LOG – Letter Of Guarantee
AV – Appraised Value
LOI – Letter Of Intent
BLLM – Bureau of Lands Location
LRA – Land Registration Authority
Monument
LTCP – Land Titling Computerization
BR – Bedroom
Project
BSMT – Basement
LTS – License To Sell
CAR – Certificate Authorizing Registration
LTV – Loan To Value
CCR – Cash on Cash Return
MA – Monthly Amortization
CCT – Condominium Certificate of Title
MAO – Maximum Allowable Offer
CF – Cost Factor
MBP – Minimum Bid Price
CG – Car Garage
MBR – Masters Bed Room
CGT – Capital Gains Tax
MC – Manager’s Check
CLOA – Certificate of Land Ownership
MLS – Multiple Listing Service
Award
MOA – Memorandum Of Agreement
CLOP – Contract of Lease with Option to
MR – Maids Room
Purchase
MRI – Mortgage Redemption Insurance
COMP – Comparable
MV – Market Value
COMM – Commission
NEOP – Non Exclusive Option to
CONC – Concrete
Purchase
COS – Certificate Of Sale
NOI – Net Operating Income
CR – Comfort Room
NROC – Non Refundable Option
CRB – Certified Real estate Broker
Consideration
CRESR – Comprehensive Real Estate
OCT – Original Certificate of Title
Seminar and Review
OP – Over Pricing, Option to Purchase
CTC -Community Tax Certificate
PITI – Principal Interest Taxes and
CTS – Contract-To-Sell
Insurance
CWT – Creditable Withholding Tax
PC – Purchase Contract
DBO – Direct Buyers Only
PS – Parking Slot
DOAS – Deed Of Absolute Sale
RD – Registry of Deeds, Roof Deck
DOM – Deed Of Mortgage
RA – Republic Act
DP – Down Payment
RE – Real Estate
DR – Door
REB – Real Estate Broker
DST – Documentary Stamps Tax
REI – Real Estate Investing
EOP – Exclusive Option to Purchase
REIT – Real Estate Investment Trust
FA – Floor Area
REM – Real Estate Mortgage
FIP – Foreclosure Investing Philippines
RESA – Real Estate Service Act
FMV – Fair Market Value
REO – Real Estate Owned
FSBO – For Sale By Owner
RFO – Ready For Occupancy
GF – Ground Floor
RM – Room
GFI – Government Financial Institution
ROI – Return On Investment or Return Of
Investment
ROPA – Real and Other Properties
Acquired
ROPOA – Real and Other Properties
Owned or Acquired
RPT – Real Property Tax
RTO – Rent-To-Own
SQM – SQuare Meters
TB or T&B – Toilet and Bath
TCT – Transfer Certificate of Title
TH – Town House
TT – Transfer Tax
VAT – Value Added Tax
ZV – Zonal Value