KudoZ home » Norwegian to English » Real Estate

obligasjonsleilighet

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

10:17 Dec 30, 2011

Norwegian to English translations [PRO]
Bus/Financial - Real Estate

Norwegian term or phrase: obligasjonsleilighet

Client's definition:
Obligasjonsleilighet is a dwelling where you pay a deposit to get the right to rent the dwelling, and you get a mortgage deed. You have more rights than if it was a normal rental dwelling. It's not very common anymore.

Carole Hognestad KudoZ activity Questions: 381 (10 open) (11 without valid answers) (15 closed without grading) Answers: 56
Local time: 12:34

Summary of answers provided

3 +1

leasehold (BrE) flat/(AmE-Oz) apartment with a mortgage-backed deposit

Tom Thumb

contract leasehold flat

Vedis Bjørndal

contract leasehold flat

eodd

Answers

40 mins confidence:

contract leasehold flat

Explanation:
According to the reference below.

Reference: http://www.howto.co.uk/abroad/living-in-norway/the_homeowner...

eodd
Local time: 11:34
Native speaker of:

English

38 mins confidence:

contract leasehold flat

Explanation:
See web reference.
Or you may just use the Norwegian term with an explanation in English.

--------------------------------------------------
Note added at 42 mins (2011-12-30 10:59:29 GMT)
--------------------------------------------------

In the reference I sent you I see that the term "bonded flat" is also used.

Reference: http://www.howto.co.uk/abroad/living-in-norway/the_homeowner...

Vedis Bjørndal
Local time: 12:34
Native speaker of:

Norwegian
PRO pts in category: 8

13 hrs confidence:

peer agreement (net): +1

leasehold (BrE) flat/(AmE-Oz) apartment with a mortgage-backed deposit

Explanation:
The term is judicially classified in NO as housing for either a loan, deposit or mortgage (Scots: hypothec or standard security).

Contract leasehold sounds like a tautology as there can't be many leaseholds that are non-contractual.

Bonded flat is too close to a bonded warehouse where goods are temporarily duty-free.

Lend-lease is not quite right, either. It is mainly associated with USA's 2nd World War aid program of transferring goods and services to its Allies. Though used in modern-day housing, e.g. in Oz, it is the developers who lend, not the tenant-buyers.

Nor is mortgage by demise - of a term of years, namely a short or long lease - right as the mortgagee/lender becomes the owner of the dwelling as a result.

I assume the mortgage deed is for the deposit padid or loan made to the lessor.

Example sentence(s):

Demise mortgage is a case where the lender turns into a landlord of that property www.mrtgdepot.com/what-is-mortgage-on-demise

Reference: http://www.google.at/search?hl=de&source=hp&q=obligasjonslei...

Tom Thumb
Local time: 12:34
Specializes in field
Native speaker of:

English
PRO pts in category: 16

Return to KudoZ list

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

Overview

Latest translation questions

Ask a translation question

See also:

ProZ.com term search

Search millions of term translations

obligasjonsleilighet

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

obligasjonsleilighet

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.