Real Estate Glossary

A - B - C - D - E - F - G - H - I - J - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

- A -
ABATEMENT OF NUISANCE
ABSOLUTE OWNERSHIP
ABSTRACT OF JUDGMENT
ABSTRACT OF TITLE
ABSTRACTION
ACCELERATED COST RECOVERY SYSTEM
ACCELERATED DEPRECIATION
ACCELERATION CLAUSE
ACCEPTANCE
ACCESS RIGHT
ACCESSION
ACCRETION
ACCRUED DEPRECIATION
ACCRUED ITEMS OF EXPENSE
ACKNOWLEDGMENT
ACOUSTICAL TILE
ACQUISITION
ACRE
ACTUAL AUTHORITY
ACTUAL FRAUD
ADJUSTABLE RATE MORTGAGE (ARM)
ADJUSTMENTS
ADMINISTRATOR
AD VALOREM
ADVANCE
ADVANCE COMMITMENT
ADVANCE FEES
ADVERSE POSSESSION
AFFIANT
AFFIDAVIT
AFFIDAVIT OF TITLE
AFFIRM
AGENCY
AGENT
AGREEMENT
AGREEMENT OF SALE
AIR RIGHTS
ALIENATION
ALIENATION CLAUSE
ALLODIAL TENURE
ALLUVIUM
ALTA OWNER'S POLICY
ALTA TITLE POLICY
AMENITIES
AMORTIZATION
AMORTIZED LOAN
ANNUAL PERCENTAGE RATE
ANNUITY
ANTICIPATION, PRINCIPLE OF
APPELLANT
APPRAISAL
APPRAISER
APPROPRIATION OF WATER
APPURTENANCE
APPURTENANT
APR
ARCHITECTURAL STYLE
ARTICLES OF INCORPORATION
ASSESSED VALUATION
ASSESSMENT
ASSESSOR
ASSIGNMENT
ASSIGNMENT OF RENTS
ASSIGNOR
ASSIGNS, ASSIGNEES
ASSUMPTION AGREEMENT
ASSUMPTION FEE
ASSUMPTION OF MORTGAGE
ATTACHMENT
ATTEST
ATTORNEY IN FACT
AVULSION

- B -
BACKFILL
BALANCE SHEET
BALLOON PAYMENT
BARGAIN AND SALE DEED
BASE AND MERIDIAN
BASIS
BEARING WALL
BENCH MARK
BENEFICIARY
BEQUEATH
BEQUEST
BETTERMENT
BILL OF SALE
BINDER
BLANKET MORTGAGE
BLIGHTED AREA
BLOCKBUSTING
BONA FIDE
BOND
BOOK VALUE
BREACH
BROKER
BROKER-SALESPERSON RELATIONSHIP AGREEMENT
B.T.U.
BUILDING CODE
BUILDING LINE
BUILDING, MARKET VALUE OF
BUILDING RESTRICTIONS
BUNDLE OF RIGHTS
BUREAU OF LAND MANAGEMENT
BUSINESS OPPORTUNITY
BUYDOWN
BUYER'S MARKET
BYLAWS

- C -
CAL-VET PROGRAM
CC&Rs
CCIM
CPM
CAPITAL ASSETS
CAPITAL GAIN
CAPITALIZATION
CAPITALIZATION RATE
CAP RATE
CASEMENT WINDOWS
CASH FLOW
CAVEAT EMPTOR
CERTIFICATE OF ELIGIBILITY
CERTIFICATE OF REASONABLE VALUE (CRV)
CERTIFICATE OF TAXES DUE
CERTIFICATE OF TITLE
CHAIN
CHAIN OF TITLE
CHANGE, PRINCIPLE OF
CHARACTERISTICS
CHATTEL MORTGAGE
CHATTEL REAL
CHATTELS
CHOSE IN ACTION
CIRCUIT BREAKER
CLOSING
CLOSING COSTS
CLOSING STATEMENT
CLOUD ON TITLE
CODE OF ETHICS
COLLATERAL
COLLATERAL SECURITY
COLLUSION
COLOR OF TITLE
COMMERCIAL ACRE
COMMERCIAL LOAN
COMMERCIAL PAPER
COMMISSION
COMMITMENT
COMMON AREA
COMMON INTEREST SUBDIVISION
COMMON LAW
COMMON STOCK
COMMUNITY PROPERTY
COMPACTION
COMPARABLE SALES
COMPARISON APPROACH
COMPETENT
COMPETITION, PRINCIPLE OF
COMPOUND INTEREST
CONCLUSION
CONDEMNATION
CONDITION
CONDITION PRECEDENT
CONDITION SUBSEQUENT
CONDITIONAL COMMITMENT
CONDITIONAL ESTATE
CONDITIONAL SALE CONTRACT
CONDOMINIUM
CONDOMINIUM DECLARATION
CONFESSION OF JUDGMENT
CONFIRMATION OF SALE
CONFISCATION
CONFORMITY, PRINCIPLE OF
CONSERVATION
CONSIDERATION
CONSTANT
CONSTRUCTION LOAN
CONSTRUCTIVE EVICTION
CONSTRUCTIVE FRAUD
CONSTRUCTIVE NOTICE
CONTIGUOUS
CONTOUR
CONTRACT
CONTRIBUTION, PRINCIPLE OF
CONVENTIONAL MORTGAGE
CONVERSION
CONVEYANCE
COOPERATIVE (apartment)
CORNER INFLUENCE TABLE
CORPORATION
CORPOREAL RIGHTS
CORRECTION LINES
CORRELATION
CO-SIGNER
COST APPROACH
COTENANCY
COVENANT
CRAWL HOLE
CRE
CREDIT
CURABLE DEPRECIATION
CURRENT INDEX
CURTAIL SCHEDULE

- D -
DAMAGES
DATA PLANT
DEBENTURE
DEBIT
DEBT
DEBTOR
DECLINING BALANCE DEPRECIATION
DECREE OF FORECLOSURE
DEDICATION
DEED
DEED IN LIEU OF FORECLOSURE
DEED OF TRUST
DEED RESTRICTIONS
DEFAULT
DEFEASANCE CLAUSE
DEFEASIBLE FEE
DEFENDANT
DEFERRED MAINTENANCE
DEFERRED PAYMENT OPTIONS
DEFICIENCY JUDGMENT
DELEGATION OF POWERS
DEPOSIT RECEIPT
DEPRECIATION
DEPTH TABLE
DESIST AND REFRAIN ORDER
DETERMINABLE FEE
DEVISE
DEVISEE
DEVISOR
DIRECTIONAL GROWTH
DISCOUNT
DISCOUNT POINTS
DISCRETIONARY POWERS OF AGENCY
DISINTERMEDIATION
DISPOSABLE INCOME
DISPOSSESS
DOCUMENTARY TRANSFER TAX
DOCUMENTS
DONEE
DONOR
DOUBLE DECLINING BALANCE DEPRECIATION
DRAW
DUAL AGENCY
DUE ON SALE CLAUSE
DURESS

- E -
EARNEST MONEY
EASEMENT
ECONOMIC LIFE
ECONOMIC OBSOLESCENCE
ECONOMIC RENT
EFFECTIVE AGE OF IMPROVEMENT
EFFECTIVE DATE OF VALUE
EFFECTIVE INTEREST RATE
EMINENT DOMAIN
ENCROACHMENT
ENCUMBRANCE
EQUITY
EQUITY BUILD-UP
EQUITY PARTICIPATION
EQUITY OF REDEMPTION
EROSION
ESCALATION
ESCALATOR CLAUSE
ESCHEAT
ESCROW
ESCROW AGENT
ESTATE
ESTATE OF INHERITANCE
ESTATE FOR LIFE
ESTATE FROM PERIOD TO PERIOD
ESTATE AT SUFFERANCE
ESTATE AT WILL
ESTATE FOR YEARS
ESTIMATE
ESTIMATED REMAINING LIFE
ESTOPPEL
ETHICS
ET UX
EVICTION
EXCEPTIONS
EXCHANGE
EXCLUSION
EXCLUSIVE AGENCY LISTING
EXCLUSIVE RIGHT TO SELL LISTING
EXECUTE
EXECUTOR
EXECUTORY CONTRACT
EXPENSES

- F -
FACADE
FAIR MARKET VALUE
FANNIE MAE
FARMERS HOME ADMINISTRATION
FEDERAL DEPOSIT INSURANCE CORPORATION
FEDERAL HOME LOAN MORTGAGE CORPORATION
FEDERAL HOUSING ADMINISTRATION
FEDERAL LAND BANK SYSTEM
FEDERAL NATIONAL MORTGAGE ASSOCIATION
FEDERAL RESERVE SYSTEM
FEE
FEE SIMPLE DEFEASIBLE
FEE SIMPLE ESTATE
FEUDAL TENURE
FHLMC
FIDELITY BOND
FIDUCIARY
FIDUCIARY DUTY
FILTERING
FINANCIAL INTERMEDIARY
FINANCING PROCESS
FINANCING STATEMENT
FIRST MORTGAGE
FIRST TRUST DEED
FISCAL CONTROLS
FISCAL YEAR
FIXITY OF LOCATION
FIXTURES
FORECLOSURE
FORFEITURE
FRANCHISE
FRAUD
FRAUDS, STATUTE OF
FREDDIE MAC
FREEHOLD ESTATE
FRONTAGE
FRONT FOOT
FRONT MONEY
FROSTLINE
FULLY INDEXED NOTE RATE
FUNCTIONAL OBSOLESCENCE
FUTURE BENEFITS

- G -
GABLE ROOF
GAIN
GAMBREL ROOF
GENERAL LIEN
GIFT DEED
GOODWILL
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
GOVERNMENT SURVEY
GRADE
GRADUATED LEASE
GRADUATED PAYMENT MORTGAGE
GRANT
GRANT DEED
GRANTEE
GRANTOR
GRATUITOUS AGENT
GRID
GROSS INCOME
GROSS MARGIN
GROSS NATIONAL PRODUCT (GNP)
GROSS RATE
GROSS RENT MULTIPLIER
GROUND LEASE
GROUND RENT

- H -
HABENDUM CLAUSE
HEIR
HIGHEST AND BEST USE
HIP ROOF
HOLDER IN DUE COURSE
HOLDOVER TENANT
HOMESTEAD (exemption)
HOUSING FINANCIAL DISCRIMINATION ACT OF 1977 (Holden Act)
HUD
HUNDRED PERCENT LOCATION
HYPOTHECATE

- I -
IMPERATIVE NECESSITY
IMPOUNDS
INCOME (CAPITALIZATION) APPROACH
INCOMPETENT
INCORPOREAL RIGHTS
INCREMENT
INDEMNITY AGREEMENT
INDENTURE
INDEPENDENT CONTRACTOR
INDORSEMENT
INITIAL NOTE RATE
INITIAL RATE DISCOUNT
INJUNCTION
INSTALLMENT NOTE
INSTALLMENT REPORTING
INSTALLMENT SALES CONTRACT
INSTITUTIONAL LENDERS
INSTRUMENT
INTEREST
INTEREST EXTRA LOAN
INTEREST ONLY LOAN
INTEREST RATE
INTERIM LOAN
INTERMEDIATION
INTERPLEADER
INTERVAL OWNERSHIP
INTESTATE
INVOLUNTARY LIEN
IRREVOCABLE
IRRIGATION DISTRICTS

- J -
JOINT NOTE
JOINT TENANCY
JOINT VENTURE
JUDGMENT
JUDGMENT LIEN
JUNIOR MORTGAGE
JURISDICTION
LACHES

- L -
LAND
LAND CONTRACT
LAND AND IMPROVEMENT LOAN
LANDLORD
LATE CHARGE
LATER DATE ORDER
LATERAL SUPPORT
LEASE
LEASEHOLD ESTATE
LEGAL DESCRIPTION
LESSEE
LESSOR
LEVEL-PAYMENT MORTGAGE
LEVERAGE
LIEN
LIFE ESTATE
LIFE OF LOAN CAP (CAP RATE)
LIMITATIONS, STATUTE OF
LIMITED PARTNERSHIP
LINTEL
LIQUIDATED DAMAGES
LIQUIDATED DAMAGES CLAUSE
LIQUIDITY
LIS PENDENS
LISTING
LIVERY OF SEISIN (SEIZIN)
LOAN ADMINISTRATION
LOAN APPLICATION
LOAN CLOSING
LOAN COMMITMENT
LOAN-TO-VALUE RATI0

- M -
MAI
MARGIN OF SECURITY
MARGINAL LAND
MARKET DATA APPROACH
MARKET PRICE
MARKET VALUE
MARKETABLE TITLE
MATERIAL FACT
MECHANIC'S LIEN
MERIDIANS
MESNE PROFITS
METES AND BOUNDS
MILE
MINOR
MISPLACED IMPROVEMENTS
MISREPRESENTATION
MOBILEHOME
MODULAR
MOLDINGS
MONETARY CONTROLS
MONUMENT
MORATORIUM
MORTGAGE
MORTGAGE BANKER
MORTGAGE CONTRACTS WITH WARRANTS
MORTGAGE GUARANTY INSURANCE
MORTGAGE INVESTMENT COMPANY
MORTGAGE LOAN DISCLOSURE STATEMENT
MORTGAGEE
MORTGAGOR
MULTIPLE LISTING
MULTIPLE LISTING SERVICE
MUTUAL SAVINGS BANKS
MUTUAL WATER COMPANY

- N -
NARRATIVE APPRAISAL
NEGATIVE AMORTIZATION
NEGOTIABLE
NET INCOME
NET LEASE
NET LISTING
NOMINAL INTEREST RATES
NOTARY PUBLIC
NOTE
NOTE RATE
NOTICE
NOTICE OF NONRESPONSIBILITY
NOTICE TO QUIT
NOVATION
NULL AND VOID

- O -
OBSOLESCENCE
OFFER TO PURCHASE
OFFSET STATEMENT
OPEN-END MORTGAGE
OPEN HOUSING LAW
OPEN LISTING
OPINION OF TITLE
OPTION
ORAL CONTRACT
ORIENTATION
OSTENSIBLE AUTHORITY
OVERIMPROVEMENT
OWNERSHIP

- P -
PACKAGE MORTGAGE
PARAMOUNT TITLE
PARTICIPATION
PARTIES (PARTY)
PARTITION
PARTITION ACTION
PARTNERSHIP
PARTY WALL
PAR VALUE
PATENT
PAYMENT ADJUSTMENT DATE
PAYMENT CAP
PAYMENT RATE
PENALTY
PERCENTAGE LEASE
PERIMETER HEATING
PERIODIC INTEREST RATE CAP
PERSONAL PROPERTY
PHYSICAL DETERIORATION
PLAINTIFF
PLANNED DEVELOPMENT
PLANNED UNIT DEVELOPMENT
PLANNING COMMISSION
PLAT (of survey)
PLEDGE
PLEDGEE
PLEDGOR
PLOTTAGE
PLOTTAGE INCREMENT
POINTS
POLICE POWER
POWER OF ATTORNEY
POWER OF SALE
PREFABRICATED HOUSE
PREFERRED STOCK
PREPAID ITEMS OF EXPENSE
PREPAYMENT
PREPAYMENT PENALTY
PRESCRIPTION
PRESUMPTION
PRIMA FACIE
PRINCIPAL
PRINCIPAL NOTE
PRIOR LIEN
PRIORITY OF LIEN
PRIVATE MORTGAGE INSURANCE
PRIVITY
PRIVITY OF CONTRACT
PROCURING CAUSE
PROGRESS PAYMENTS
PROGRESSION, PRINCIPLE OF
PROMISSORY NOTE
PROPERTY
PROPERTY MANAGEMENT
PRO RATA
PRORATION
PRORATION OF TAXES
PROXIMATE CAUSE
PUBLIC RECORDS
PUBLIC TRUSTEE
PURCHASE AND INSTALLMENT SALEBACK
PURCHASE OF LAND, LEASEBACK AND LEASEHOLD MORTGAGES
PURCHASE AND LEASEBACK
PURCHASE MONEY MORTGAGE OR TRUST DEED

- Q -
QUANTITY SURVEY
QUARTER ROUND
QUIET ENJOYMENT
QUIET TITLE
QUITCLAIM DEED

- R -
RADIANT HEATING
RANGE
RANGE LINES
RATE ADJUSTMENT DATE
RATIFICATION
READY, WILLING AND ABLE BUYER
REAL ESTATE
REAL ESTATE BOARD
REAL ESTATE INVESTMENT TRUST
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)
REAL ESTATE SYNDICATE
REAL ESTATE TRUST
REAL PROPERTY
REAL PROPERTY LOAN LAW
REAL PROPERTY SALES CONTRACT
RECAPTURE
RECONVEYANCE
RECORDING
REDEEM
REDEMPTION
REDLINING
REFINANCING
REFORMATION
REHABILITATION
REIT
RELEASE CLAUSE
RELEASE DEED
REMAINDER
REMAINDER DEPRECIATION
RENEGOTIABLE RATE MORTGAGE
REPLACEMENT COST
REPRODUCTION COST
RESCISSION
RESCISSION OF CONTRACT
RESERVATION
RESERVES
RESPA
RESTRICTION
RETROSPECTIVE VALUE
RETURN
REVERSION
REVERSIONARY INTEREST
RIGHT OF SURVIVORSHIP
RIGHT OF WAY
RIGHT, TITLE AND INTEREST
RIPARIAN RIGHTS
RISK ANALYSIS
RISK RATING

- S -
SALE AND LEASEBACK
SALE-LEASEBACK-BUY-BACK
SALES CONTRACT
SALVAGE VALUE
SANDWICH LEASE
SASH
SATISFACTION
SATISFACTION PIECE
SCRIBING
SEAL
SECONDARY FINANCING
SECTION
SECURED PARTY
SECURITY AGREEMENT
SECURITY INTEREST
SEISIN (SEIZIN)
SELLER'S MARKET
SEPARATE PROPERTY
SEPTIC TANK
SERVICING LOANS
SET BACK ORDINANCE
SEVERALTY OWNERSHIP
SHARED APPRECIATION MORTGAGE
SHERIFF'S DEED
SIMPLE INTEREST
SINKING FUND
SLANDER OF TITLE
SPECIAL ASSESSMENT
SPECIAL POWER OF ATTORNEY
SPECIAL WARRANTY DEED
SPECIFIC PERFORMANCE
SREA
STANDARD DEPTH
STANDBY COMMITMENT
STATUTE OF FRAUDS
STATUTORY WARRANTY DEED
STRAIGHT LINE DEPRECIATION
STRAIGHT NOTE
SUBAGENT
SUBDIVISION
"SUBJECT TO" A MORTGAGE
SUBLEASE
SUBORDINATE
SUBORDINATION AGREEMENT
SUBPOENA
SUBROGATION
SUBSIDY BUYDOWN
SUBSTITUTION, PRINCIPLE OF
SUM OF THE YEARS DIGITS
SUPPLY AND DEMAND, PRINCIPLE OF
SURETY
SURPLUS PRODUCTIVITY, PRINCIPLE OF
SURVEY
SYNDICATE

- T -
TAKE-OUT LOAN
TAX
TAX DEED
TAX-FREE EXCHANGE
TAX SALE
TENANCY IN COMMON
TENANT
TENANTS BY THE ENTIRETIES
TENTATIVE MAP
TENURE IN LAND
TERMITES
TERMITE SHIELD
TESTATOR
THIRD PARTY
THRESHOLD
TIDELANDS
TIME IS OF THE ESSENCE
TIME-SHARE ESTATE
TIME-SHARE PROJECT
TIME-SHARE USE
TITLE
TITLE INSURANCE
TITLE REPORT
TITLE THEORY
TOPOGRAPHY
TORRENS TITLE
TORT
TOWNHOUSE
TOWNSHIP
TRADE FIXTURES
TRADE-IN
TRANSFER FEE
TRUST ACCOUNT
TRUST DEED
TRUSTEE
TRUSTOR
TRUTH IN LENDING

- U -
UNDERIMPROVEMENT
UNDERWRITING
UNDUE INFLUENCE
UNEARNED INCREMENT
UNIFORM COMMERCIAL CODE
UNIT-IN-PLACE METHOD
URBAN PROPERTY
USURY
UTILITIES
UTILITY

- V -
VACANCY FACTOR
VALID
VALLEY
VALUATION
VA LOAN
VALUE
VARIABLE INTEREST RATE
VENDEE
VENDOR
VENEER
VERIFICATION
VESTED
VOID
VOIDABLE
VOLUNTARY LIEN

- W -
WAINSCOTING
WAIVE
WARRANTY OF AUTHORITY
WARRANTY DEED
WASTE
WATER TABLE
WEAR AND TEAR
WILL
WRAP AROUND MORTGAGE

- X -
X

- Y -
YARD
YIELD
YIELD RATE

- Z -
ZONE
ZONING