Page 165 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski

ƵĐƟŽŶ͗ ƉƵďůŝĐ ƐĂůĞ ǁŚĞƌĞ ƚŚĞ ƉƌŝĐĞ ŝƐ ŶĞŝƚŚĞƌ ƐĞƚ ŶŽƌ ĂƌƌŝǀĞĚ Ăƚ ďLJ
ŶĞŐŽƟĂƟŽŶ͕ ďƵƚ ŝƐ ĚŝƐĐŽǀĞƌĞĚ ƚŚƌŽƵŐŚ ƚŚĞ ƉƌŽĐĞƐƐ ŽĨ ĐŽŵƉĞƟƟǀĞ ĂŶĚ ŽƉĞŶ
bidding.

B

Body corporate: ďŽĚLJ ĐŽƌƉŽƌĂƚĞ ŝƐ ŵĂĚĞ ƵƉ ŽĨ Ă ĐŽůůĞĐƟǀĞ ŽĨ ƵŶŝƚ ŽǁŶĞƌƐ͕
ǁŝƚŚŝŶ Ă ƵŶŝƚ ƟƚůĞ ĚĞǀĞůŽƉŵĞŶƚ͘ ǀĞƌLJ ƵŶŝƚ ƟƚůĞ ĚĞǀĞůŽƉŵĞŶƚ ŚĂƐ Ă ďŽĚLJ
ĐŽƌƉŽƌĂƚĞ ǁŚŝĐŚ ŝƐ ƐĞƚƵƉ ǁŚĞŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŝƐ ďĞŝŶŐ ĐŽŶƐƚƌƵĐƚĞĚ͘
Decisions about certain aspects of the units and common property are made
by the body corporate.

Boundary: ůŝŶĞ ƐĞƉĂƌĂƟŶŐ ĂĚũŽŝŶŝŶŐ ƉƌŽƉĞƌƟĞƐ͘

Breach of contract: &ĂŝůƵƌĞ Žƌ ƌĞĨƵƐĂů ŽĨ Ă ƉĂƌƚLJ ƚŽ ŵĞĞƚ ƚŚĞ ŽďůŝŐĂƟŽŶƐ ƐĞƚ
out in a contract.

Break costs: &ĞĞ ƉĂƐƐĞĚ ŽŶ ƚŽ ƚŚĞ ďŽƌƌŽǁĞƌ ĨƌŽŵ ƚŚĞ ůĞŶĚĞƌ ŝĨ ƚŚĞLJ ĐŚŽŽƐĞ ƚŽ
ďƌĞĂŬ Žƌ ŵĂŬĞ ĐŚĂŶŐĞƐ ƚŽ ƚŚĞŝƌ ĮdžĞĚ ƌĂƚĞ ůŽĂŶ͘

ƌŝĚŐŝŶŐ ĮŶĂŶĐĞ͗ Finance obtained over a short period as a prelude to
long-term funding. Higher interest rates are usually charged for this form of

ĮŶĂŶĐĞ͕ ĂŶĚ ŝƚ ŵƵƐƚ ďĞ ƉĂŝĚ ďĂĐŬ ǁŝƚŚŝŶ ĂŶ ĂŐƌĞĞĚ ƟŵĞ͘ ^ŽŵĞ ďŽƌƌŽǁĞƌƐ
ƵƐĞ ďƌŝĚŐŝŶŐ ĮŶĂŶĐĞ ŝĨ ƚŚĞLJ ŶĞĞĚ ŵŽŶĞLJ ƚŽ ďƵLJ Ă ŶĞǁ ŚŽƵƐĞ ǁŚŝůĞ ƚŚĞLJ ĂƌĞ
ǁĂŝƟŶŐ ĨŽƌ ƚŚĞŝƌ ĞdžŝƐƟŶŐ ŚŽƵƐĞ ƚŽ ƐĞůů͘

ƵŝůĚŝŶŐ ŝŶƐƉĞĐƟŽŶ͗ ǀŝƐƵĂů ŝŶƐƉĞĐƟŽŶ ŽĨ Ă ƉƌŽƉĞƌƚLJ ďLJ Ă ůŝĐĞŶĐĞĚ ƉƌŽĨĞƐƐŝŽŶĂů͕
ďŽƚŚ ŝŶƐŝĚĞ ĂŶĚ ŽƵƚ͕ ƚŚĂƚ ŝĚĞŶƟĮĞƐ ĂŶLJƚŚŝŶŐ ĨƌŽŵ ŵĂũŽƌ ƐƚƌƵĐƚƵƌĂů ĨĂƵůƚƐ ƚŽ
ŵŝŶŽƌ ĚĞĨĞĐƚƐ͕ ŵĂŝŶƚĞŶĂŶĐĞ ŝƐƐƵĞƐ Žƌ ƐĂĨĞƚLJ ŚĂnjĂƌĚƐ͘ ŽŶƚƌĂĐƚƐ ŽĨ ƐĂůĞ ĐĂŶ ďĞ

ĚĞƉĞŶĚĞŶƚ ŽŶ ƐĂƟƐĨĂĐƚŽƌLJ ďƵŝůĚŝŶŐ ŝŶƐƉĞĐƟŽŶƐ͘

ƵŝůĚŝŶŐ ƌĞŐƵůĂƟŽŶƐ͗ ZƵůĞƐ ŽĨ Ă ůĞŐĂů Žƌ ƐƚĂƚƵƚŽƌLJ ŶĂƚƵƌĞ ďLJ ǁŚŝĐŚ ůŽĐĂů ĐŽƵŶĐŝůƐ
ĐŽŶƚƌŽů ƚŚĞ ŵĂŶŶĞƌ ĂŶĚ ƋƵĂůŝƚLJ ŽĨ ďƵŝůĚŝŶŐƐ͘ dŚĞLJ ĂƌĞ ĚĞƐŝŐŶĞĚ ƚŽ ĞŶƐƵƌĞ

ƉƵďůŝĐ ƐĂĨĞƚLJ͕ ŚĞĂůƚŚ ĂŶĚ ŵŝŶŝŵƵŵ ĂĐĐĞƉƚĂďůĞ ƐƚĂŶĚĂƌĚƐ ŽĨ ĐŽŶƐƚƌƵĐƟŽŶ͘

ƵŝůĚŝŶŐ ƐŽĐŝĞƚLJ͗ /ŶƐƟƚƵƟŽŶƐ ŽƉĞƌĂƟŶŐ ŝŶ Ă ƐŝŵŝůĂƌ ĨĂƐŚŝŽŶ ƚŽ ďĂŶŬƐ͘ dŚĂƚ ŝƐ͕
ƚŚĞLJ ƚĂŬĞ ĚĞƉŽƐŝƚƐ ĂŶĚ ƉƌŽǀŝĚĞ ůŽĂŶƐ͘ ƵƐƚŽŵĞƌƐ ĂƌĞ ͚ŵĞŵďĞƌƐ͛͘

C

ĂƉŝƚĂů ŐĂŝŶ͗ dŚĞ ŵŽŶĞƚĂƌLJ ;ĮŶĂŶĐŝĂůͿ ŐĂŝŶ ŽďƚĂŝŶĞĚ ǁŚĞŶ LJŽƵ ƐĞůů ĂŶ ĂƐƐĞƚ
for more than you paid for it.

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