Real estate dictionary at Culmia Academy

At culmia we seek to facilitate decision making for people. As we know that buying a home is a complex process, we want to introduce you to Culmia Academy, a dictionary of terms related to the real estate sector that will help you to know concepts that you didn't know before.

Definitions with the letter O

Consult Alphabetically A-Z

A B C D E F G H I K L M N O P R S T U V W

Occupancy Certificate

Is a document that certifies that a home meets the minimum technical and hygienic-health requirements, so it is necessary for procuring services and supplies and selling or renting the home.

Off-plan home

Seeing on the surface plans what a future home will look like. To buy a home off plan is to buy it before it is built.

Owners Association

Is made up of all the owners of homes and premises and any other units that comprise a building and are for independent use, as they have their own access to a common element of the building or the public highway.