Meaning of "Undervalued Contract"
Illegal practices involving the preparation or reporting of contracts at amounts lower than the actual transaction price in order to reduce taxes such as capital gains tax
"The real estate agent warned that a "down contract" could be subject to a tax audit and advised against falsifying the contract price."
Related slang words
SubcontractThis refers to illegal business practices in real estate transactions, such as inflating the contract price **above** the actual transaction price in order to secure more favorable loan limits or financing terms.Ask priceThis refers to the price a buyer or seller offers in the market, which may differ from the actual transaction price.Actual transaction priceThis refers to the transaction prices reported to the Ministry of Land, Infrastructure and Transport after actual real estate sales have taken place, and is used as a benchmark for assessing market conditions and price trends.topknotThis refers to a situation where one has purchased assets such as stocks or real estate at their peak prices, making it highly likely that a loss will be incurred.Fill the GapThis refers to the phenomenon in which prices in prime locations rise first, followed later by prices in nearby areas that have risen relatively less, thereby narrowing the price gap between regions.Right of occupancyThis is the right granted to members of a housing association in redevelopment or reconstruction projects to move into a new apartment.Pre-sale rightsThis refers to the right to move into an apartment after it is completed, following a successful application for the apartment.wait-and-see attitudeThis refers to the attitude of refraining from making immediate decisions to buy or sell in highly uncertain situations, and instead waiting to see how things develop before making a judgment.