This glossary is for informational purposes only and should not be used without legal counsel for the purpose of reading/understanding a contract.
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- Abandonment
- Absentee Owner
- Absolute Ownership
- Abstract of Title
- Accelerated Depreciation
- Acceleration Clause
- Acceptance
- Accrual for Depreciation
- Ad Valorem
- Ad Valorem Tax
- Adjacent
- Adjoining
- Adjudged Incompetent
- Adjustable Rate Mortgage
- Advance
- Advance Commitment
- Advance Fee
- Affidavit
- Affordable Housing
- Agency
- Agency Coupled with an Interest
- Agency Disclosure
- Agreement
- Agreement of Sale
- All-Inclusive Mortgage
- Allodial Land
- Allodial Tenure
- Amenities
- Amenity
- Amortization
- Amortization Schedule
- Amortization Table
- Amortized Loan
- Anchor Tenant
- Annual Percentage Rate
- Apartment Building
- Apportionment
- Appraisal
- Appraisal Inventory
- Appraisal Report
- Appraised Value
- Appraiser
- Appreciation
- Arms Length Transaction
- As Is
- Assessed Value
- Assessment
- Assessment Ratio
- Assessment Roll
- Assessor
- Asset
- Assignment of Lease
- Assignments and Warranties
- Assignments of Rents
- Assignor
- Associate Broker
- Associate Licensee
- Assumable Loan
- Assumption
- Assumption Agreement
- Assumption of Loan
- Assumption of Mortgage
- Attachment
- Attest
- Balloon Mortgage
- Balloon Payment
- Bargain and Sale Deed
- Barter
- Basic Employment Urban Growth Employment
- Beneficiary
- Beneficiary Statement
- Betterment
- Bid
- Bill of Sale
- Binding Agreement Date
- Blighted Area
- Blueprint
- Bona Fide
- Bond
- Book Depreciation
- Book Sale
- Book Value
- Boundary Line Survey
- Breach
- Breach of Contract
- Breakeven Point
- Bridge Loan
- Bridging
- Broker
- Broker Salesperson Relationship Agreement
- Brokerage
- Budget Mortgage
- Build to Suit
- Building Capitalization Rate
- Building Codes
- Building Inspection
- Building Line
- Building Permit
- Building Residual Technique
- Building Restrictions
- Built-Ins
- Bulk Sales Transfer
- Bundle of Rights
- Buy-Back Agreement
- Buy-Down
- Buy-Sell Agreement
- Buyer
- Buyer-Agency Agreement
- Buyers Agent
- Buyers Broker
- Buyers Market
- Buying Subject To
- Buying, Assuming and Agreeing to Pay
- Buyout
- Call Provision
- Called Loan
- Cancellation Clause
- Cap
- Cap Rate
- Capacity
- Capacity of Parties
- Capital
- Capital Appreciation
- Capital Assets
- Capital Calls
- Capital Expenditures
- Capital Gain
- Capital Improvement
- Capital Loss
- Capital Market
- Capital Recapture
- Capitalization
- Capitalization Rate
- Capitalize
- Carryback Financing
- Carrying Charges
- Carryover
- Cash Equivalent
- Cash Flow
- Cash Method
- Cash Rent
- Casualty Insurance
- Caveat Emptor
- Cease and Desist Order
- Certificate of Clearance
- Certificate of Eligibility
- Certificate of Insurance
- Certificate of Occupancy
- Certificate of Reasonable Value
- Certificate of Sale
- Certificate of Taxes Due
- Certificate of Title
- Certificates of Beneficial Interest
- Cestui Que Use
- Chain of Title
- Chattel
- Chattel Mortgage
- Circuit Breaker
- Circulating Fireplace
- Circumference
- Claim of Right
- Class A Building
- Class B Building
- Class C Building
- Class of Property
- Clear Title
- Client
- Close
- Closed End Loan
- Closing
- Closing Costs
- Closing Statement
- Cloud On The Title
- Cluster Development
- Co-ownership
- Collateral
- Collateral Security
- Colonial Architecture
- Color of Title
- Commission
- Commission Split
- Committment Fee
- Committment Letter
- Common Property
- Community Apartment Project
- Community Property
- Comparative Market Analysis
- Comparison Approach
- Compensating Balance
- Compensation
- Competitive Market Analysis
- Complainant
- Complete Appraisal
- Completion Bond
- Compound Interest
- Comprehensive Envirnmental Response, Compensation and Liability Act
- Condemnation
- Condition
- Condition Precedent
- Condition Subsequent
- Conditional Commitment
- Conditional Estate
- Conditional Mortgage Commitment
- Conditional Offer
- Conditional Sale
- Conditional Sales Contract
- Conditional Use Permit
- Condo
- Condominium
- Condominium Conversion
- Condominium Declaration
- Confirmation of Sale
- Consolidation Loan
- Constant Payment Loan
- Construction Loan
- Constructive Eviction
- Constructive Notice
- Contaminant
- Contemporary Architecture
- Contenancy
- Contiguous
- Contingency
- Continuous Occupancy Clause
- Contract
- Contract for Deed
- Contract Rent
- Contractor
- Contractual Intent
- Contribution
- Controllers Deed
- Conventional Home
- Conventional Loan
- Convertible ARM
- Convey
- Conveyance
- Cooperating Broker
- Cooperative
- Corporeal Rights
- Correction Deed
- Cosigner
- Cost
- Cost Approach
- Cost Per Front Foot
- Cost-Plus-Fixed-Fee-Contract
- Cost-Plus-Percentage Contract
- Cotenancy
- Counter offer
- Covenant
- Covenant for Further Assurance
- Covenant of Quiet Enjoyment
- Covenants, Conditions and Restrictions
- Creative Financing
- Credit
- Credit Rating Report
- Credit Scoring
- Curable Depreciation
- Current Assets
- Current Index
- Current Liabilities
- Current Yield
- Customer
- Declaration of Abandonment
- Declaration of Condominium Ownership
- Declaration of Homestead
- Decree of Foreclosure
- Dedication
- Deed
- Deed Books
- Deed in Lieu of Foreclosure
- Deed in Trust
- Deed Money Escrow
- Deed of Conveyance
- Deed of Trust
- Deed Restrictions
- Default
- Default Judgment
- Defeasance Clause
- Defective Title
- Defects in Title
- Delegation of Authority
- Delinquency
- Delinquency Rate
- Demand Note
- Demise
- Demised Premises
- Demolition
- Deposit
- Deposit Account
- Depreciable Real Property
- Depreciation
- Depreciation Methods
- Depreciation Rate
- Description
- Designated Agency
- Detached Housing
- Deterioration
- Development Method
- Direct Costs
- Direct Reduction Mortgage
- Disaffirm
- Disclaimer
- Disclosure Statement
- Distraint
- Distress
- Distributee
- Distribution
- District
- Documentary Transfer Tax
- Documents
- Domicile
- Down Payment
- Drive-by Appraisal
- Dual Agency
- Dual Contract
- Due Care
- Due Diligence
- Due Process
- Due-on-Sale Clause
- Duplex
- Dwelling
- Earnest Money
- Easement
- Easement Appurtenant
- Easement by Condemnation
- Easement by Necessity
- Easement by Prescription
- Easement in Gross
- Economic Obsolescence
- Economic Rent
- Ellwood Technique
- Emblements
- Eminent Domain
- Enabling Act
- Encroachment
- Encumber
- Encumbrance
- Entrepreneur
- Equitable Lien
- Equitable Mortgage
- Equitable Right of Redemption
- Equitable Title
- Equity
- Equity Build-Up
- Equity Funds
- Equity Interest
- Escape Clause
- Escheat
- Escrow
- Escrow Account
- Escrow Agent
- Escrow Contract
- Escrow Instructions
- Estate
- Estate at Sufferance
- Estate at Will
- Estate by the Entireties
- Estate for Life
- Estate for Years
- Estate From Period to Period
- Estate in Expectancy
- Estate in Fee
- Estate in Land
- Estate in Possession
- Estate in Remainder
- Estate in Reversion
- Estate in Severalty
- Estate of Inheritance
- Estate Taxes
- Estoppel
- Evaluation
- Eviction
- Eviction Notice
- Evidence of Title
- Ex Officio
- Ex Parte
- Exception
- Excess Depreciation
- Excess Rent
- Exchange
- Exchange Brokerage
- Exchangor
- Exclusion
- Exclusionary Zoning
- Exclusive Agency Listing
- Exclusive Listing
- Exclusive Right to Sell Listing
- Exculpatory Clause
- Executed Contract
- Execution
- Executory Contract
- Existing Mortgage
- Exoneration (in suretyship)
- Express Agency
- Express Agreement
- Express Contract
- Expropriation
- Extended Coverage
- Face Value
- Fair Credit Reporting Act
- Fair Housing Act
- Fair Market Rent
- Fair Market Value
- Federal Fair Housing Act of 1968
- Fee Simple
- Fee Simple Absolute
- Fee Simple Defeasible
- Fee Simple Determinable
- Fee Simple Estate
- Fee Simple Limited
- Fee Simple Qualified
- Fee Tail
- Fee Tail Estate
- Feudal Tenure
- Feuds
- FHA Loan
- Fictitious Mortgage or Trust Deed
- Fiduciary Duties
- Financial Feasibility
- Financial Institutions
- Financial Institutions Reform, Recovery, and Enforcement Act
- Financial Intermediary
- Financing
- Financing Expenses
- Financing Process
- Financing Statement
- Finders Fee
- Firm Commitment
- First Mortgage
- First Refusal Right
- First Trust Deed
- Fixed Assets
- Fixed Expenses
- Fixed Payment Loan
- Fixed-Rate Loan
- Fixtures
- Flat
- Flat Fee Broker
- Flat Lease
- Flexible Payment Mortgage
- Floating Rate
- Floor Plan
- Flow of Funds
- For Sale By Owner
- Forbearance
- Force Majeure
- Forced Sale
- Forfeiture
- Form Appraisal
- Four-Plex
- Four-Three-Two-One Rule
- Fractional Interest
- Free and Clear Sale
- Freehold Estate
- Frontage
- FSBO
- Full Disclosure
- Full Face Rate of Interest
- Fully Amortized Note
- Fully Indexed Note Rate
- Functional Obsolescence
- Funding
- Funds
- Furniture, Fixtures and Equipment
- Gap Loan
- Gazumping
- General Agent
- General Contractor
- General Lien
- General Mortgage Bond
- General Real Estate Tax
- General Warranty Deed
- Gift Deed
- Gift Tax
- Good and Marketable Title
- Good Consideration
- Good Faith
- Good Faith Estimate
- Grace Period
- Graduated Lease
- Graduated Payment Loan
- Grant
- Grant Deed
- Grantee
- Granting Clause
- Grantor
- Gross Annual Multiplier
- Gross Area
- Gross Domestic Product
- Gross Equity Loan
- Gross Income
- Gross Income Multiplier
- Gross Lease
- Gross Margin
- Gross Revenue
- Gross Sales
- Growing Equity Loan
- Guarantee of Title
- Guaranteed Mortgage
- Guaranteed Sale
- Guaranty
- Habendum Clause
- Habitability
- Half Bath
- Hard Costs
- Hard Money
- Hard Money Loan
- Hazard Insurance
- Hazardous Substance
- Hidden Defects
- High-Loan-to-Value Loan
- Highest and Best Use
- Highrise
- Hold Harmless Clause
- Holder In Due Course
- Holding Period
- Holdout
- Holdover Tenant
- Home Equity Loan
- Home Inspector
- Home Loan
- Homeowners Association
- Homeowners Insurance Policy
- Homeowners Loan Corporation
- Housing and Urban Development
- Housing Code
- HUD
- HUD-1 Form
- HVAC
- Illusory
- Implied Agency
- Implied Contract
- Implied Warranty of Habitability
- Impound Account
- Improper Improvement
- Improved Land
- Improved Value
- Improvements
- Improvements to Land
- Imputed Interest
- Imputed Notice
- Including Interest
- Inclusionary Zoning
- Income Property
- Incorporeal Rights
- Increment
- Independent Fee Appraiser
- Index Lease
- Index Method
- Inner City
- Innocent Purchaser
- Inside Lot
- Inspection
- Installment Contract
- Installment Note
- Installment Sale
- Institutional Lenders
- Insurable Interest
- Insurable Title
- Insurable Value
- Insurance Rate
- Insurance Risk
- Insured Mortgage
- Intangible
- Intangible Assets
- Intangible Value
- Interest
- Interest Extra Loan
- Interest Rate
- Interest Rate Risk
- Interim Loan
- Internal Revenue Service
- Interurbia
- Interval Ownership
- Intrinsic Value
- Inverse Condemnation
- Investment Property
- Involuntary Lien
- Inwood Compound Interest Method
- Joint and Several Liability
- Joint Tenancy
- Joint Venture
- Judgement
- Judgement Creditor
- Judgement Debtor
- Judgement Lien
- Judicial Foreclosure
- Judicial Notice
- Judicial Precedent
- Judicial Sale
- Jumbo Loan
- Junior Lien
- Junior Mortgage
- Jurat
- Jurisdiction
- Just Compensation
- Land
- Land and Improvement Loan
- Land Contract
- Land Grant
- Land Improvements
- Land Lease
- Land Planning
- Land Residual Technique
- Land Trust Certificate
- Land Use Planning
- Landlocked
- Landlord
- Landmark
- Landscape Architect
- Landscaping
- Late Charge
- Latent Defects
- Lease
- Lease Option
- Lease Purchase Agreement
- Lease With An Option To Purchase
- Leased Fee
- Leasehold
- Leasehold Estate
- Leasehold Improvements
- Leasehold Value
- Legal Description
- Legal Notice
- Legal Person
- Legal Residence
- Legal Title
- Legality of Purpose
- Less Than Freehold Estate
- Lessee
- Lessor
- Level Payment Loan
- Licensee
- Licensing Examination
- Lien
- Life of Loan Cap Rate
- Life Tenant
- Listing
- Listing Agent
- Listing Agreement
- Listing Broker
- Listing Contract
- Load Bearing Wall
- Loan Application
- Loan Commitment
- Loan Correspondent
- Loan Fee
- Loan Maturity
- Loan Origination Fee
- Loan Term
- Loan to Value Ratio
- Loan Value
- Location
- Location, Location, Location
- Lot
- Lot and Block
- Lot Line
- Lot Split
- Low Ball Offer
- Maintenance Fee
- Maintenance Reserve
- Management Fee
- Market
- Market Analysis
- Market Indicators
- Market Price
- Market Rent
- Market Value of Building
- Marketability
- Material Fact
- Misplaced Improvements
- Misrepresentation
- Mobile Home
- Modular Housing
- Moratorium
- Mortgage
- Mortgage
- Mortgage Banker
- Mortgage Bond
- Mortgage Broker
- Mortgage Commitment
- Mortgage Company
- Mortgage Guaranty Insurance
- Mortgage Insurance
- Mortgage Insurance Premium
- Mortgage Investment Company
- Mortgage Loan Disclosure Statement
- Mortgagee
- Mortgagee in Possession
- Mortgagee Policy
- Mortgagor
- Motivated Seller
- Multiple Listing
- Multiple Listing Clause
- Multiple Listing Service
- Mutual Consent
- Negotiation
- Neighborhood
- Non Institutional Lender
- Nonbearing Wall
- Nonconforming Loan
- Notice of Default
- Notice of Intention to Sell
- Notice of Nonresponsibility
- Obligee
- Obligor
- Offer
- Offer to Purchase
- Offeree
- Offeror
- Open House
- Open Listing
- Option
- Option Listing
- Option to Purchase
- Optionee
- Optionor
- Overall Interest Rate
- Owner
- Owner Financing
- Owner Occupant
- Owner of Record
- Owners Policy
- Ownership
- Participation Loan
- Payback Period
- Payment Adjustment Date
- Payment Cap
- Payment Rate
- Payoff Statement
- Personal Liability
- Personal Property
- Personal Representative
- Planned Unit Development
- Pledge
- Pledge
- Pledgee
- Pledgor
- Plus Interest
- Points
- Possession
- Power of Attorney
- Power of Sale
- Preapproval
- Preclosing
- Preliminary Title Report
- Premises
- Prepaid Interest
- Prepayment
- Prepayment Clause
- Prepayment Penalty
- Prepayment Yield
- Price
- Price Fixing
- Price Level
- Price Level Adjusted Mortgage
- Prima Facie
- Primary Financing
- Primary Lease
- Primary Mortgage Market
- Primary Residence
- Prime Rate
- Principal and Interest Payment
- Principal Balance
- Principal Broker
- Principal, Interest, Taxes and Insurance
- Principle of Progression
- Principle of Regression
- Principle of Substitution
- Principle of Supply and Demand
- Prior Appropriation
- Prior Lien
- Priority of Lien
- Private Grant
- Private Mortgage Insurance
- Private Offering
- Procuring Cause
- Property
- Property Brief
- Property Line
- Property Management
- Property Manager
- Property Owners Association
- Property Tax
- Proportion
- Proration of Taxes
- Public Property
- Public Records
- Public Restriction
- Punch List
- Punitive Damages
- Purchase Agreement
- Purchase and Installment Saleback
- Purchase and Leaseback
- Purchase Contract
- Purchase Money Mortgage
- Purchase of Land, Leaseback and Leasehold Mortgages
- Purchaser
- Rate Adjustment Date
- Rate Cap
- Rate of Return
- Ready, Willing and Able Buyer
- Real Estate
- Real Estate Agent
- Real Estate Broker
- Real Estate Commission
- Real Estate Commissioner
- Real Estate Financing
- Real Estate Law
- Real Estate License Law
- Real Estate Market
- Real Estate Owned
- Real Estate Salesperson
- Real Estate Securities and Syndication Institute
- Real Estate Settlement Procedures Act
- Real Estate Tax
- Real Estate Trust
- Real Property
- Real Property Sales Contract
- Reassessment
- Recapture
- Recapture of Excess Depreciation
- Recapture Rate
- Reconveyance
- Reconveyance Deed
- Recordation
- Recorder of Deeds
- Recordiing Acts
- Recording
- Redlining
- Refinancing
- Reformation
- Release Clause
- Release Deed
- Release Statement
- Remodel
- Renegotiable Rate Mortgage
- Rent
- Rent Control
- Rent Schedule
- Rental Value
- Replacement Cost
- RESPA
- Reverse Annuity Mortgage
- Revocation
- Right of Occupancy
- Right of Redemption
- Right of Reversion
- Right of Survivorship
- Right of Way
- Right to Rescind
- Rule of Thumb
- Rules and Regulations
- Rural
- Sale and Leaseback
- Sale-Leaseback-Buyback
- Sales Comparison Approach
- Sales Contract
- Sales Expenses
- Salesperson
- Salvage Value
- Sandwich Lease
- Savings and Loan Association
- Savings Association Insurance Fund
- Savings Bank
- Second Mortgage
- Secondary Financing
- Secondary Mortgage Market
- Security Deposits
- Security Interest
- Seller
- Seller Financing
- Sellers Market
- Selling Agent
- Separate Property
- Set-Off
- Setback
- Setback Ordinance
- Settlement
- Severalty
- Severalty Ownership
- Severance
- Severance Damages
- Simple Interest
- Single Agency
- Single-Family Home
- Soft Costs
- Sole Ownership
- Standing Loan
- Statement of Consideration
- Statute of Limitations
- Statutory
- Statutory Dedication
- Statutory Lien
- Statutory Redemption Period
- Statutory Right of Redemption
- Statutory Warranty Deed
- Steering
- Step-up Lease
- Stigmatized Property
- Straight-line Depreciation
- Strict Foreclosure
- Strict Liability
- Subagency
- Subagent
- Subdivision
- Subdivision and Development Ordinances
- Subject Property
- Subject To
- Sublease
- Subletting
- Subordination Agreement
- Subordination Clause
- Subprime Loan
- Subrogation
- Subsidized Housing
- Subsidy
- Subsidy Buy-down
- Subsurface Rights
- Suburb
- Succession
- Successor
- Successors Liability
- Sufferance
- Sufficient Description
- Suit for Possession
- Suit To Quiet Title
- Surface Rights
- Swing Loan
- Take-out Loan
- Tangible Personal Property
- Tangible Property
- Tax
- Tax Abatement
- Tax Credit
- Tax Deed
- Tax Liability
- Tax Lien
- Tax Participation Clause
- Tax Penalty
- Tax Roll
- Tax Sale
- Tax Sale Certificate
- Tax Shelter
- Tax Title
- Tax-deffered Exchange
- Tax-free Exchange
- Taxable Gain
- Taxable Value
- Taxation
- Taxation (several types)
- Tenancy
- Tenancy At Sufferance
- Tenancy At Will
- Tenancy By The Entireties
- Tenancy In Common
- Tenant
- Tenant Improvements
- Tenant Pur Autre Vie
- Tenant Selection
- Tenantability
- Tenants By The Entireties
- Tender
- Tenement
- Tenure
- Tenure In Land
- Term
- Term Mortgage
- Termination Statement
- Termite Shield
- Termites
- Terms
- Time Is of the Essence
- Title
- Title Company
- Title Guarantee Policy
- Title Report
- Title Search
- Township
- Township Lines
- Transaction Broker
- Transfer Fee
- Transfer Tax
- Transferability
- Trust Deed
- Trust Deed Lien
- Trust Funds
- Trustee Deed
- Trustee Sale
- Trustor
- Truth In Lending Act