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real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
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* 72-hour clause


A

* Abandonment *
Abstract of title A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deed In common law, a deed is any legal instrument in writing which passes, ...
*
Acceleration clause Acceleration is defined in law as a shortening of the time period in which something is to take place. The concept of acceleration most often arises within the context of contract law. An acceleration clause, also known as an acceleration covenan ...
* Accession * Acknowledgment *
Acre The acre is a Unit of measurement, unit of land area used in the Imperial units, imperial and United States customary units#Units of area, US customary systems. It is traditionally defined as the area of one Chain (unit), chain by one furlong ( ...
– a measure of land area * Action to
quiet title Quiet may refer to: * Silence Silence is the absence of ambient hearing (sense), audible sound, the emission of sounds of such low sound intensity, intensity that they do not draw attention to themselves, or the state of having ceased to prod ...
*
Ad valorem tax An ''ad valorem'' tax (Latin Latin (, or , ) is a classical language belonging to the Italic languages, Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) aro ...
* ADA *
Adjustable-rate mortgage A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the mortgage note, note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the cre ...
(ARM) *
Adjusted basis In tax accounting U.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of accounting principles for tax purposes, prescribed by tax law, which are separate ...
* Administrator/Administratrix *
Adverse possession Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property ...
* Agency –
Real estate agency The law of agency is an area of commercial law Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce Commerce is the l ...
, Buyer brokerage * Agent – Real estate agent or broker,
Estate agent An estate agent is a person or business that arranges the selling, renting, or management of real estate, properties and other buildings. An agent that specialises in renting is often called a Letting agent, letting or management agent. Estate ...
* Agreement *
Air rights Air rights are the property interest in the "space" above the earth's surface. Generally speaking, owning, or renting, land or a building includes the right to use and build in the space above the land without interference by others. This legal ...
* Al Ramz * Alienation *
Allodial Allodial title constitutes ownership of real property (land, buildings, and Fixture (property law), fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held "in allodium", or land ownership b ...
,
Allodium In the law of the Middle Ages In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the Post-classical, post-classical period of World history (field), g ...
*
Allodial title Allodial title constitutes ownership of real property (land, buildings, and Fixture (property law), fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held "in allodium", or land ownership b ...
*
Alluvion Alluvion, is a Roman law Roman law is the law, legal system of ancient Rome, including the legal developments spanning over a thousand years of jurisprudence, from the Twelve Tables (c. 449 BC), to the ''Corpus Juris Civilis'' (AD 529) ordered b ...
*
Amenity In property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to Consumables ...
* American Land Title Association (ALTA) *
Americans with Disabilities Act of 1990 The Americans with Disabilities Act of 1990 or ADA () is a civil rights law that prohibits discrimination based on disability. It affords similar protections against discrimination to Disability in the United States, Americans with disabilities ...
*
Amortization calculator An amortization calculator is used to determine the periodic payment amount due on a loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The ...
*
Amortization schedule An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a ...
*
Amortizing loan In banking and finance, an amortizing loan is a loan where the principal sum, principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments. Similarly, a ...
*
Anchor store In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger Leasehold estate, tenant in a shopping mall, often a department store or Chain store, retail chain. They are typically lo ...
*
Annexation Annexation (Latin ''ad'', to, and ''nexus'', joining), in international law, is the forcible acquisition of one state's territory by another state, usually following military occupation of the territory. It is generally held to be an illegal act ...
*
Annual percentage rate The term annual percentage rate of charge (APR), corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan ...
*
Apartment An apartment (American English), or flat (British English, Indian English, South African English), is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are man ...
* Appraisal, real estate *
Appraised value An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related t ...
– An estimate of the present worth of a property * Appreciation * APR *
Appurtenance An appurtenance is something subordinate to or belonging to another larger, principal entity, that is, an adjunct, satellite or accessory that generally accompanies something else.Appurtenant easement * ARELLO * Arm's length transaction *
Arrears Arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually ...
* Article 4 of the United States Constitution * Artificial person *
Asking price Ask price, also called offer price, offer, asking price, or simply ask, is the price A price is the (usually not negative) quantity of payment or Financial compensation, compensation given by one Party (law), party to another in return f ...
* Assemblage *
Assignee An assignment is a legal term used in the context of the law of contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. ...
* Assignment * Assignment of contract * Assignor * Assessed value – The value set upon a property for taxation purposes * Assessment * Association of Real Estate License Law Officials (ARELLO) * Assumable loan * Assumable mortgage *
Attorney-at-law Attorney at law or attorney-at-law, usually abbreviated in everyday speech to attorney, is the preferred term for a practising lawyer in certain jurisdictions, including Attorneys in South Africa, South Africa (for certain lawyers), Attorney at law ...
* Attorney-in-fact *
Auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from the ...
* Avulsion * Assessor * Assumption of mortgage


B

*
Balance Balance or balancing may refer to: Common meanings * Balance (ability) in biomechanics * Balance (accounting) * Balance or weighing scale * Equality (mathematics), Balance as in equality or equilibrium Arts and entertainment Film * Balance (1983 ...
* Balloon mortgage * Bargain-and-sale deed * Baseline – a line that is a base for
measurement Measurement is the quantification (science), quantification of variable and attribute (research), attributes of an object or event, which can be used to compare with other objects or events. In other words, measurement is a process of determi ...
or
construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...
, lines that divide north/south or east/west in
surveying Surveying or land surveying is the technique, profession, art, and science of determining the land, terrestrial Two-dimensional space#In geometry, two-dimensional or Three-dimensional space#In Euclidean geometry, three-dimensional positions of ...
*
Basis Basis may refer to: Finance and accounting *Adjusted basis, the net cost of an asset after adjusting for various tax-related items *Basis point, 0.01%, often used in the context of interest rates *Basis trading, a trading strategy consisting of ...
* Benchmark *
Beneficiary A beneficiary (also, in trust law, ''cestui que use'') in the broadest sense is a natural person or other legal entity who receives money or other employee benefit, benefits from a benefactor (law), benefactor. For example, the beneficiary of a lif ...
*
Bequest A bequest is property given by Will and testament, will. Historically, the term ''bequest'' was used for personal property given by will and ''deviser'' for real property. Today, the two words are used interchangeably. The word ''bequeath'' is a v ...
*
Bhoodan movement The Bhoodan movement (Land Gift movement), also known as the Bloodless Revolution, was a voluntary land reform movement in India. It was initiated by Gandhian Vinoba Bhave in 1951 at Pochampally village, Pochampally The Bhoodan movement attempted ...
*
Bilateral contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), ser ...
– contract in which only one party makes a promise *
Bill of sale A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner. Bills of sale may be used in a wide variety of transaction ...
* Binder – In law, a binder (also known as an ''agreement for sale'', ''earnest money contract'', ''memorandum of sale'', ''contract to sell'') is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is enforceable in a court of law and used to secure a real estate transaction until a more formal, fully negotiated
contract of sale A contract of sale, sales contract, sales order, or contract for sale is a legal contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligatio ...
can be signed. See
offer and acceptance Offer and acceptance are generally recognised as essential requirements for the formation of a contract, and analysis of their operation is a traditional approach in contract law A contract is a legally enforceable agreement between two or m ...
. * Blanket loan, Blanket mortgage * Block *
Blockbusting Blockbusting was a business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or ...
* Boiler insurance *
Bona fide purchaser A ''bona fide'' purchaser (BFP)referred to more completely as a ''bona fide'' purchaser for value without notice is a term used predominantly in common law jurisdictions In law, common law (also known as judicial precedent, judge-made law, or ...
*
Book value In accounting, book value is the value of an asset according to its balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balanc ...
*
Boot A boot is a type of footwear. Most boots mainly cover the foot and the ankle, while some also cover some part of the lower calf. Some boots extend up the human leg, leg, sometimes as far as the knee or even the hip. Most boots have a heel (shoe ...
*
Boundary Boundary or Boundaries may refer to: * Border, in political geography Entertainment *Boundaries (2016 film), ''Boundaries'' (2016 film), a 2016 Canadian film *Boundaries (2018 film), ''Boundaries'' (2018 film), a 2018 American-Canadian road trip ...
*
Breach of contract Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party' ...
*
Broker A broker is a person or firm who arranges transactions between a Purchasing, buyer and a sales, seller for a commission (remuneration), commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a :wikt:princip ...
* Brokerage –
Mortgage broker A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, ...
,
Real estate broker A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
, Buyer brokerage * Broker's Price Opinion (BPO) * BPO Standards and Guidelines *
Budget A budget is a calculation play, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...
*
Building code A building code (also building control or building regulations) is a set of rules that specify the standards for constructed objects such as buildings and non-building structures. Buildings must conform to the code to obtain planning permission ...
*
Bundle of rights The bundle of rights is a metaphor to explain the complexities of property ownership. Law school professors of introductory property law courses frequently use this conceptualization to describe "full" property ownership as a partition of vari ...
* Burlington Company * Buyer brokerage * Buyer's agent


C

* Canadian Real Estate Association (CREA) *
Capital appreciation Capital appreciation is an increase in the price or value of assets. It may refer to appreciation of company stocks or Bond (finance), bonds held by an investor, an increase in land valuation, or other upward revaluation of fixed assets. Capital ...
*
Capital gain Capital gain is an economic concept defined as the profit earned on the sale of an asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) th ...
* Cap rate, Capitalization rate *
Cash flow A cash flow is a real or virtual movement of cash, money: *a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are exp ...
*
Caveat emptor ''Caveat emptor'' (; from ''caveat'', "may he/she beware", a subjunctive The subjunctive (also known as conjunctive in some languages) is a grammatical mood, a feature of the utterance that indicates the speaker's attitude towards it. Subjunctiv ...
* Certificate of occupancy * Certified Relocation and Transition Specialist *
Chain A chain is a wikt:series#Noun, serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression (physics), compression but line (g ...
– sequence of linked house purchases *
Chain A chain is a wikt:series#Noun, serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression (physics), compression but line (g ...
– unit of measurement * Chain of title * Chattel *
Chattel mortgage Chattel mortgage, sometimes abbreviated ''CM'', is the legal term for a type of loan contract used in some states with legal systems derived from English law English law is the common law list of national legal systems, legal system of Engla ...
* Cheonse *
City block A city block, residential block, urban block, or simply block is a central element of urban planning and urban design. A city block is the smallest group of buildings that is surrounded by streets, not counting any type of thoroughfare within t ...
*
Civil action - A lawsuit is a proceeding by a party or parties against another in the civil court of law A court is any person or institution, often as a government institution, with the authority to Adjudication, adjudicate legal disputes between P ...
*
Civil Rights Act of 1866 The Civil Rights Act of 1866 (, enacted April 9, 1866, reenacted 1870) was the first United States federal law to define citizenship and affirm that all citizens are equally protected by the law. It was mainly intended, in the wake of the Amer ...
*
Civil Rights Act of 1968 The Civil Rights Act of 1968 () is a Lists of landmark court decisions, landmark law in the United States signed into law by President of the United States, United States President Lyndon B. Johnson during the King assassination riots. Titles ...
*
Clause In language, a clause is a Constituent (linguistics), constituent that comprises a semantic predicand (expressed or not) and a semantic Predicate (grammar), predicate. A typical clause consists of a subject (grammar), subject and a syntactic Pred ...
*
Client Client(s) or The Client may refer to: * Client (business) In business, commerce, and economics, a client is a person who receives advice or services from a professional, such as a lawyer or a health care provider. Clients differ from customers i ...
* Closing costs * Closing * Closing statement * Cloud on a title, Cloud on title * Coinsurance, Coinsurance clause * Collateral * Color of title *
Commercial property Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a Profit (economics), profit, either from capital gains or Renting, rental income. Commercial ...
*
Commingling In law, commingling is a position of trust, breach of trust in which a fiduciary mixes funds held in care for a client with his own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client. This rai ...
* Commission *
Comprehensive planning Comprehensive planning is an ordered process that determines community goals and aspirations in terms of community development. The end product is called a comprehensive plan, also known as a general plan, or master plan. This resulting document e ...
for community development *
Confiscation Confiscation (from the Latin ''confiscatio'' "to consign to the ''fiscus'', i.e. transfer to the treasury") is a legal form of search and seizure, seizure by a government or other public authority. The word is also used, popularly, of Tampering w ...
* Commitment *
Common area A common area is, in real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an it ...
*
Common law In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions."The common law is not a brooding omnipres ...
* Community-based planning *
Community land trust A community land trust (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community ...
* Community planning * Community property * Comparables * Compensatory damages, Expectation damages *
Competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, ind ...
* Condemnation – building is deemed no longer habitable, government seizure through
Eminent domain Eminent domain (United States, Philippines), land acquisition (India, Malaysia, Singapore), compulsory purchase/acquisition (Australia, New Zealand, Ireland, United Kingdom), resumption (Hong Kong, Uganda), resumption/compulsory acquisition (Austr ...
, or
Urban decay Urban decay (also known as urban rot, urban death or urban blight) is the sociological process by which a previously functioning city, or part of a city, societal collapse, falls into disrepair and decrepitude. There is no single process that l ...
*
Condominium A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...
* Condominiums and the Jewish community * Condominium conversion, Condo conversion * Confidentiality, Confidential information *
Conformity Conformity is the act of matching attitudes, beliefs, and behaviors to social group, group Norm (social), norms, politics or being like-minded. Norms are implicit, specific rules, shared by a group of individuals, that guide their interactions wi ...
* Conservation land trust *
Consideration Consideration is a concept of English law, English common law and is a necessity for simple contracts but not for special contracts (contracts by deed). The concept has been adopted by other common law jurisdictions. The court in ''Currie v Mis ...
* Construction loan, Construction mortgage * Constructive eviction *
Consumer A consumer is a person or a group who intends to order, or uses purchased goods, products, or Service (economics), services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or bu ...
* Contingency, Contingencies *
Continuing education Continuing education (similar to further education in the United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coas ...
requirement *
Contour map A contour line (also isoline, isopleth, or isarithm) of a Function of several real variables, function of two variables is a curve along which the function has a constant value, so that the curve joins points of equal value. It is a cross-sec ...
* Contract for deed *
Contract of sale A contract of sale, sales contract, sales order, or contract for sale is a legal contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligatio ...
*
Contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), ser ...
* Contribution * Conventional mortgage * Conversion – removal of personal property or building fixtures * Conversion – process of changing a building to
condominium A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...
* Courtesy signing * Covenants * Convey, Conveyance, Conveyancing * Cooling-off period * Cooperating broker * Cooperative apartment *
Co-op A cooperative (also known as co-operative, co-op, or coop) is "an autonomous In developmental psychology and morality, moral, political, and bioethics, bioethical philosophy, autonomy, from , ''autonomos'', from αὐτο- ''auto-'' "self ...
* Co-ownership *
Copyhold Copyhold was a form of Custom (law), customary real property, land ownership common from the Late Middle Ages into modern times in England. The name for this type of Land tenure, land tenure is derived from the act of giving a copy of the releva ...
*
Corporation A corporation is an organization—usually a group of people or a company—authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal ...
*
Corporeal Corporeal may refer to: *Matter (corporeal, or actual, physical substance or matter), generally considered to be a substance (often a particle) that has rest mass and (usually) also volume *Human body, Body, of or relating to the body *Corporeal ( ...
property *
Corrective maintenance Corrective maintenance is a Maintenance, repair and operations, maintenance task performed to identify, isolate, and rectify a fault so that the failed equipment, machine, or system can be restored to an operational condition within the tolerance ...
*
Cost basis Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realize ...
*
Council housing Public housing in the United Kingdom, also known as council estates, council housing, or social housing, provided the majority of rented accommodation until 2011 when the number of households in private rental housing surpassed the number in so ...
* Counteroffer * Courtesy tenure *
Covenant Covenant may refer to: Religion * Covenant (religion), a formal alliance or agreement made by God with a religious community or with humanity in general ** Covenant (biblical), in the Hebrew Bible ** Covenant in Mormonism, a sacred agreement ...
* Covenant Against Encumbrances * Covenant for Further Assurances * Covenant of Quiet Enjoyment * Covenant of Right to Convey * Covenant of Seisin * Covenant of Warranty * CREA *
Credit Credit (from Latin verb ''credit'', meaning "one believes") is the Trust (social sciences), trust which allows one Party (law), party to provide money or resources to another party wherein the second party does not reimburse the first party im ...
*
Creditor A creditor or lender is a Party (law), party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided s ...
*
Cul-de-sac A dead end, also known as a cul-de-sac (, from French for 'bag-bottom'), no through road or no exit road, is a street with only one inlet or outlet. The term "dead end" is understood in all varieties of English, but the official terminology ...
*
Customer In sales, commerce, and economics, a customer (sometimes known as a :wikt:client, client, buyer, or purchasing, purchaser) is the recipient of a Good (economics), good, service (economics), service, product (business), product or an Intellectual p ...


D

* Damages for breach of contract * Datum *
Debit Debits and credits in double-entry bookkeeping are entries made in Account (accountancy), account ledgers to record changes in Value (economics), value resulting from business transactions. A debit entry in an account represents a transfer of v ...
* Debt service coverage ratio *
Decedent Death is the irreversible cessation of all biological functions that sustain an organism In biology, an organism () is any life, living system that functions as an individual entity. All organisms are composed of cells (cell the ...
* Declaration of Condominium * Declaration of Restriction *
Decree A decree is a law, legal proclamation, usually issued by a head of state (such as the President (government title), president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of ...
* Deductible expense *
Deed In common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdiction (area), jurisdictions, seal (emblem), sealed. It is com ...
* Deed in bargain and sale * Deed in lieu of foreclosure * Deed in trust * Deed of gift * Deed of trust * Deed restriction *
Default Default may refer to: Law * Default (law), the failure to do something required by law ** Default (finance), failure to satisfy the terms of a loan obligation or failure to pay back a loan ** Default judgment, a binding judgment in favor of eit ...
* Defeasance clause * Defeasible fee * Defeasible estate * Deficiency – physical condition or
construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...
that is considered sub-standard or below minimum expectations *
Deficiency judgment A deficiency judgment is an unsecured money judgment against a borrower whose Mortgage law, mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. The availability of a deficiency judgme ...
* Delivery and acceptance * Demise *
Department of Housing and Urban Development The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and U ...
(HUD) * Depreciable asset * Depreciated value *
Depreciation In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value In accounting and in most schools of economic thought, fair value is a rational and unbiased Prediction, estim ...
* Descent * Designated agency, Designated agent * Devise – disposal of real property in a
will and testament A will or testament is a legal document that expresses a person's (testator) wishes as to how their property (estate (law), estate) is to be distributed after their death and as to which person (executor) is to manage the property until its fina ...
, or the property itself which has been disposed of * Devisee – beneficiary of a
will and testament A will or testament is a legal document that expresses a person's (testator) wishes as to how their property (estate (law), estate) is to be distributed after their death and as to which person (executor) is to manage the property until its fina ...
*
Disability Disability is the experience of any condition that makes it more difficult for a person to do certain activities or have equitable access within a given society. Disabilities may be Cognitive disability, cognitive, Developmental disability, dev ...
*
Discount points Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effec ...
*
Disintermediation Disintermediation is the removal of intermediary, intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions. Instead of going through traditional distribution cha ...
* Documentary stamp * Documentary stamp tax * Domania * Dominant estate, Dominant tenement * Dominant portion *
Dominion Land Survey The Dominion Land Survey (DLS; french: links=no, arpentage des terres fédérales, ATF) is the method used to divide most of Western Canada into one-square-mile (2.6 km2) sections for agricultural and other purposes. It is based on the layout ...
* Double closing *
Dower Dower is a provision accorded traditionally by a husband or his family, to a wife for her support should she become widowed. It was settlement (law), settled on the bride (being gifted into trust instrument, trust) by agreement at the time of ...
* Dual agent, Dual agency * Due-on-sale clause *
Duress Coercion () is compelling a party to act in an involuntary manner by the use of threats, including threats to use force against a party. It involves a set of forceful actions which violate the free will of an individual in order to induce a desi ...


E

* Earnest money *
Earthquake insurance Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insuranc ...
*
Easement An easement is a nonpossessory right to use and/or enter onto the real property of another without possessing it. It is "best typified in the right of way which one landowner, A, may enjoy over the land of another, B". An easement is a propert ...
* Easement appurtenant * Easement by condemnation * Easement by implication * Easement by necessity * Easement by prescription *
Easement in gross An easement is a nonpossessory right to use and/or enter onto the real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, is land which is the property of some person ...
* ECOA *
Economic depression An economic depression is a period of carried long-term economical downturn that is result of lowered economic activity in one major or more national economies. Economic depression maybe related to one specific country were there is some economic ...
*
Economic rent In economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the be ...
*
Effective demand In economics, effective demand (ED) in a market is the demand for a product or service which occurs when purchasers are constrained in a different market. It contrasts with notional demand, which is the demand that occurs when purchasers are not ...
*
Effective interest rate The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the percentage of interest rate, interest on a loan or financial product if compound interest accumulates over a year duri ...
* Egress * Egress window *
Ejectment Ejectment is a common law term for civil action to recover the possession of or title to land. It replaced the old real actions and the various possessory assizes (denoting county-based pleas to local sittings of the courts) where boundary disp ...
*
Ejido An ''ejido'' (, from Latin ''exitum'') is an area of communal land used for Agriculture in Mexico, agriculture in which community members have usufruct rights rather than ownership rights to land, which in Mexico is held by the Mexican state. P ...
*
Emblements In the common law, emblements are annual crops produced by cultivation legally belonging to the Leasehold estate, tenant with the implied right for its harvest, and are treated as the tenant's property. The doctrine chiefly comes into play in the ...
*
Eminent domain Eminent domain (United States, Philippines), land acquisition (India, Malaysia, Singapore), compulsory purchase/acquisition (Australia, New Zealand, Ireland, United Kingdom), resumption (Hong Kong, Uganda), resumption/compulsory acquisition (Austr ...
*
Enabling act An enabling act is a piece of legislation Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature A legislature is an deliberative assembly, assembly with the authority to make laws for a Po ...
* Encroachment *
Encumbrance An encumbrance is a third party's right to, interest in, or legal liability on property (law), property that does not prohibit the property's owner from transferring Title (property), title (but may diminish its value). Encumbrances can be classif ...
* Endorsement – signature on a
contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), ser ...
thereby indicating the person's intent to become a party to the contract *
Enforceable An unenforceable contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of go ...
*
Environmental Protection Agency A biophysical environment is a life, biotic and Abiotic component, abiotic surrounding of an organism or population, and consequently includes the factors that have an influence in their survival, development, and evolution. A biophysical environ ...
*
Equal Credit Opportunity Act The Equal Credit Opportunity Act (ECOA) is a United States law (codified at et seq.), enacted 28 October 1974, that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on ...
(ECOA) *
Equitable title In property law, title is an intangible construct representing a bundle of rights in (to) a piece of property in which a party may own either a legal interest or equitable interest. The rights in the bundle may be separated and held by different ...
* Equity *
Equity of redemption The equity of redemption refers to the right of a mortgagor to redeem his or her property once the debt secured by the mortgage law, mortgage has been discharged. Overview Historically, a mortgagor (the borrower) and a mortgagee (the lender) execut ...
*
Escheat Escheat is a common law doctrine that transfers the real property of a person who has died without heirs to the crown or state. It serves to ensure that property is not left in "limbo" without recognized ownership. It originally applied to a ...
*
Escrow An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacti ...
* Escrow account * Escrow agent * Escrow instructions * Escrow payment * Estate – legal term for a person's
net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding Liability (financial accounting), liabilities. Since financial assets minus outstanding liabilitie ...
at any point in time alive or dead * Estate – a very large property (such as
country house An English country house is a large house or mansion in the English countryside. Such houses were often owned by individuals who also owned a Townhouse (Great Britain), town house. This allowed them to spend time in the country and in the cit ...
or
mansion A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word ''manse'' originally defined a property la ...
) with houses, outbuildings, gardens, supporting farmland, and woods *
Estate agent An estate agent is a person or business that arranges the selling, renting, or management of real estate, properties and other buildings. An agent that specialises in renting is often called a Letting agent, letting or management agent. Estate ...
* Estate for years * Estate manager *
Estate tax An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the Estate (law), estate (money and property) of a person who has died. International tax law distinguishes ...
*
Estoppel Estoppel is a judicial device in common law jurisdictions, common law legal systems whereby a court may prevent or "estop" a person from making assertions or from going back on his or her word; the person being sanctioned is "estopped". Estoppel m ...
* Et al. * Et ux., Et uxor * Et vir *
Evaluation Evaluation is a systematic determination and assessment of a subject's merit, worth and significance, using criteria governed by a set of Standardization, standards. It can assist an organization, program, design, project or any other intervention ...
*
Eviction Eviction is the removal of a tenant from rental property by the landlord. In some jurisdictions it may also involve the removal of persons from premises that were foreclosed by a mortgagee (often, the prior owners who defaulted on a mort ...
* Exclusive agency * Exclusive right to sell * Executed contract *
Execution Capital punishment, also known as the death penalty, is the State (polity), state-sanctioned practice of deliberately killing a person as a punishment for an actual or supposed crime, usually following an authorized, rule-governed process to ...
*
Executor An executor is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form, executrix, may sometimes be used. Overview An executor is a legal term referring to a person named by the maker of a ...
*
Executory contract An executory contract is a contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfe ...
*
Executrix An executor is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form, executrix, may sometimes be used. Overview An executor is a legal term referring to a person named by the maker of a ...
* Exempt –
Grandfather clause A grandfather clause, also known as grandfather policy, grandfathering, or grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from t ...
that allows a pre-existing condition to continue,
Tax exemption Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, redu ...
that legally excludes income or other value to reduce taxable income * Exercise of option *
Expectation damages Expectation damages are damages recoverable from a breach of contract, breach of contract by the non-breaching party. An award of expectation damages protects the injured party's interest in realising the value of the expectancy that was created b ...
* Express contract * Extended coverage


F

*
Fair Housing Act of 1968 The Civil Rights Act of 1968 () is a landmark law in the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily locate ...
* Fair Housing Amendments Act of 1988 *
Fair market value The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code The Internal Revenue Code (IRC), formally the Internal Revenue C ...
*
Fannie Mae The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New ...
* Fed, the *
Freddie Mac The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tyson's Corner, Virginia, Tysons Corner, Virginia.Federal Home Loan Mortgage Corporation The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tyson's Corner, Virginia, Tysons Corner, Virginia.Federal Housing Administration The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development The United States Department of Housing and Urban Development (HUD) is one of the executive departments o ...
(FHA) *
Federal National Mortgage Association The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New ...
(FNMA or Fannie Mae) * Federal Real Estate Board *
Federal Reserve System The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after ...
*
Fee simple In English law, a fee simple or fee simple absolute is an estate in land, a form of Freehold (English law), freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without l ...
* Fee simple absolute * Fee simple determinable * Fee simple subject to condition subsequent *
Feudal system Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in Middle Ages, medieval Europe between the 9th and 15th centuries. Broadly defined, it was a wa ...
as applicable to real estate * FHA * FHA-insured loan * Field Card * Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) *
Fire insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or bo ...
* FIRREA * First mortgage – as opposed to
Second mortgage Second mortgages, commonly referred to as junior lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grant ...
*
Fixed-rate mortgage A fixed-rate mortgage (FRM) is a mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to ...
* Fixer-upper * Fixture * Flat-fee MLS *
Flipping Flipping is a term used to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and sell ...
* Flood hazard area *
Flood insurance Flood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and other areas tha ...
*
Foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset In financial accounting, an asset is any resource ...
*
Four unities The four unities is a concept in the common law In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written o ...
*
Fraud In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compe ...
* Freehold * Freehold estate *
For Sale By Owner For Sale By Owner (FSBO) is the process of selling real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an inte ...
* FSBO * Functional obsolescence *
Future interest In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; t ...


G

* General plan * General warranty deed *
Gentrification Gentrification is the process of changing the character of a neighborhood through the influx of more Wealth, affluent residents and businesses. It is a common and controversial topic in urban politics and urban planning, planning. Gentrification ...
*
Ginnie Mae The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expa ...
* GNMA *
Good faith estimate A good faith estimate, referred to as a GFE, was a standard form that (prior to 2015) had to be provided by a mortgage loan, mortgage lender or broker in the United States to a consumer, as required by the Real Estate Settlement Procedures Act (RESP ...
* Government National Mortgage Association (GNMA or Ginnie Mae) * Graduated payment mortgage *
Gramdan The Bhoodan movement (Land Gift movement), also known as the Bloodless Revolution, was a voluntary land reform Land reform is a form of agrarian reform involving the changing of laws, regulations, or customs regarding land ownership. Land refor ...
* Grant bargain and sale deed *
Grant Grant or Grants may refer to: Places * Grant County (disambiguation) Australia * Grant, Queensland, a locality in the Barcaldine Region, Queensland, Australia United Kingdom * Castle Grant United States * Grant, Alabama * Grant, Inyo Count ...
* Grant deed *
Grantee A grant, in law Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of long ...
*
Grantor A grant, in law Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of long ...
*
Green belt A green belt is a policy and land-use zone designation used in land-use planning to retain areas of largely undeveloped, wilderness, wild, or agricultural landscape, land surrounding or neighboring urban areas. Similar concepts are greenway (lan ...
* Ground lease *
Ground rent As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the Fee simple, freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freeho ...


H

* Habendum clause * Habitable * Hard money *
Hard money lenders A hard money loan is a specific type of asset-based loan financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from ...
*
Hard money loan A hard money loan is a specific type of asset-based loan financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from ...
* Hazard insurance * Heirs, Heirs and assigns *
Hereditament In common law In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions."The common law is not a bro ...
*
Heterogeneous Homogeneity and heterogeneity are concepts often used in the sciences and statistics relating to the Uniformity (chemistry), uniformity of a Chemical substance, substance or organism. A material or image that is homogeneous is uniform in compos ...
*
Highest and best use Highest and Best Use, or highest or best use (HBU), is a concept that originated with early economists such as Irving Fisher Irving Fisher (February 27, 1867 – April 29, 1947) was an American Economics, economist, statistician, inventor, eugen ...
* (HOA) *
Holographic will A holographic will, or olographic testament, is a will (law), will and testament which is a holograph, holographic document, i.e. it has been entirely handwritten and signed by the testator. Historically, a will had to be signed by witnesses atte ...
* Home construction loan *
Home equity line of credit A home equity line of credit, or HELOC (Help:IPA/English, /ˈhiːˌlɒk/ Help:Pronunciation respelling key, ''HEE-lok''), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a Ti ...
(HELOC) *
Home rule Home rule is government of a colony, dependent country, or region by its own citizens. It is thus the power of a part (administrative division) of a State (polity), state or an external dependent country to exercise such of the state's powers o ...
* Home-equity debt *
Home equity loan A home equity loan is a type of loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is u ...
*
Home inspection A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such ...
– especially Home buyers inspection before closing or Pre-delivery inspection of new construction *
Homeowners association A homeowner association (or homeowners' association, abbreviated HOA, sometimes referred to as a property owners' association or POA), or a homeowner community, is a private association-like entity often formed either '' ipso jure'' in a building ...
(HOA) * Homeowner's insurance * Homeowner's policy *
Home warranty A home warranty is a contract that agrees to provide a homeowner with discounted repair and replacement services. However, the words "home warranty" are not always used explicitly to mean a legal warranty is being conveyed. In many cases, at least ...
*
Homestead Homestead may refer to: *Homestead (buildings) A homestead is an isolated dwelling In law, a dwelling (also known as a residence or an abode) is a self-contained unit of accommodation used by one or more households as a home - such as a ...
*
Homestead exemption The homestead exemption is a legal regime to protect the value of the homes of residents from property taxes A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property inc ...
*
Homogeneous Homogeneity and heterogeneity are concepts often used in the sciences and statistics relating to the Uniformity (chemistry), uniformity of a Chemical substance, substance or organism. A material or image that is homogeneous is uniform in compos ...
*
Housing association In Ireland and the United Kingdom, housing associations are private, Non-profit organization, non-profit making organisations that provide low-cost "Public housing in the United Kingdom, social housing" for people in need of a home. Any budge ...
*
Housing bubble A housing bubble (or a housing price bubble) is one of several types of Economic bubble, asset price bubbles which periodically occur in the market. The basic concept of a housing bubble is the same as for other asset bubbles, consisting of two m ...
*
Housing tenure Housing tenure is a financial arrangement and ownership structure under which someone has the right to live in a house or apartment. The most frequent forms are leasehold estate, tenancy, in which renting, rent is paid by the occupant to a landlo ...
*
Housing and Urban Development The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Ur ...
(HUD) *
Housing cooperative A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Housing cooperatives are a distinc ...
* HUD * HUD-1 Settlement Statement *
Hypothecation Hypothec (; german: Hypothek, french: hypothèque, pl, hipoteka, from Lat. ''hypotheca'', from Gk. : hypothēkē), sometimes tacit hypothec, is a term used in civil law systems (e.g. law of entire Continental Europe Continental Europ ...


I

* IBC * Illusory offer, Illusory promise * ILSA * ILSFDA * Immobility – immovable
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
* Immovable property *
Implied contract A quasi-contract (or implied-in-law contract or constructive contract) is a fictional Fiction is any creative work, chiefly any narrative work, portraying character (arts), individuals, events, or setting (narrative), places that are imaginati ...
*
Implied warranty In common law In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions."The common law is not a ...
* Improved land * Improvements –
Home improvement The concept of home improvement, home renovation, or remodeling is the process of renovating or making additions to one's home. Home improvement can consist of projects that upgrade an existing home interior (such as electrical and plumbing), ...
or
Land improvement Land development is the alteration of landscape in any number of ways such as: * Changing landforms from a natural or semi-natural state for a purpose such as agriculture or House, housing * subdivision (land), Subdividing real estate into Lot (re ...
*
Inspection An inspection is, most generally, an organized examination or formal evaluation exercise. In engineering activities inspection involves the measurement Measurement is the quantification (science), quantification of variable and attribute ...
*
Income approach The income approach is one of three major groups of methodologies, called valuation ''approaches'', used by appraisers. It is particularly common in commercial real estate appraisal and in business appraisal. The fundamental math is similar to the m ...
for appraisal * Income property – real estate rented out to provide income for the
landlord A landlord is the owner of a house, apartment, condominium, land, or real estate which is Renting, rented or leased to an individual or business, who is called a Leasehold estate, tenant (also a ''lessee'' or ''renter''). When a juristic person ...
* Income shelter * Incompetent *
Incorporeal Incorporeality is "the state or quality of being incorporeal or bodiless; immateriality; incorporealism." Incorporeal (Greek: ἀσώματος) means "Not composed of matter; having no material existence." Incorporeality is a quality of souls ...
property * Indemnification * Ingress *
Inheritance tax An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the Estate (law), estate (money and property) of a person who has died. International tax law distinguishes ...
*
Injunction An injunction is a legal remedy, legal and equitable remedy in the form of a special court order that compels a party (law), party to do or refrain from specific acts. ("The United States courts of appeals, court of appeals ... has exclusive ju ...
* Installment land contract * Installment sale *
Interest rate An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, th ...
*
International Building Code The International Building Code (IBC) is a model building code developed by the International Code Council (ICC). It has been adopted for use as a base code standard by most jurisdictions in the United States. The IBC addresses both health and saf ...
(IBC) *
Internet Data Exchange An Internet Data Exchange (IDX, also known as Information Data Exchange) refers to the agreement between listing (Selling) Agents or Brokers and Buyers' Agents to display Multiple Listing Service properties online, across multiple websites (via ...
(IDX) * Instrument *
Insurable interest Insurable interest exists when an Insurance, insured person derives a financial or other kind of benefit from the continuous existence, without repairment or damage, of the insured object (or in the case of a person, their continued survival). A pe ...
*
Interest In finance and economics, interest is payment from a debtor, borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is ...
* Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA) *
Intestate Intestacy is the condition of the estate (law), estate of a person who dies without having in force a valid Will and testament, will or other binding declaration. Alternatively this may also apply where a will or declaration has been made, but ...
*
Intestate succession Intestacy is the condition of the estate of a person who dies without having in force a valid will Will may refer to: Common meanings * Will and testament A will or testament is a legal document that expresses a person's (testator) wish ...
*
Invalid Invalid may refer to: * Patient A patient is any recipient of health care services that are performed by Health professional, healthcare professionals. The patient is most often Disease, ill or Major trauma, injured and in need of therapy, trea ...
* Investing in real estate –
Real estate investing Real estate investing involves the purchase, management and sale or rental of real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable prope ...
, Real estate investment club,
Flipping Flipping is a term used to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and sell ...
property *
Investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...
* Investment rating for real estate *
Investment value Investment value is the value of a property to a particular investor. In the U.S. and U.K., it is equal to market value Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a Market (economics), competitive a ...
* Involuntary alienation * Irrevocable


J

*
Jeonse Jeonse (), also known as chŏnse, key money deposit or key money, is type of a lease A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the Lessor (leasing), ''lessor'') ...
*
Joint and several liability Where two or more persons are Legal liability, liable in respect of the same liability, in most common law legal systems they may either be: * jointly liable, or * severally liable, or * jointly and severally liable. Joint liability If parties ha ...
*
Joint tenancy In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one person owns the same property, they are commonly referred to as co-owners. Legal terminolo ...
*
Joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...
*
Judgment Judgement (or US spelling judgment) is also known as ''adjudication Adjudication is the legal process by which an arbitration, arbiter or judge reviews evidence (law), evidence and argumentation, including legal reasoning set forth by opposi ...
* Judgment
lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the ''lienee'' and the pers ...
* Judicial foreclosure * Junior mortgage – smaller mortgage in addition to the primary mortgage; examples:
second mortgage Second mortgages, commonly referred to as junior lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grant ...
, 80-15-5 piggy-back loan, and
home equity loan A home equity loan is a type of loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is u ...
*
Jurisdiction Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels. Jur ...


K

*
Key money Key money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world. It sometimes means money paid to an existing tenant who assigns a lease to a new tenant where the rent is below market. I ...


L

* Laches *
Land Land, also known as dry land, ground, or earth, is the solid terrestrial surface of the planet Earth that is not submerged by the ocean or other body of water, bodies of water. It makes up 29% of Earth's surface and includes the Continent, co ...
* Land bank, Land banking * Land contract *
Land grant A land grant is a gift of real estate—land or its use privileges—made by a government or other authority as an incentive, means of enabling works, or as a reward for services to an individual, especially in return for military service. Grants ...
*
Land lease A lease is a contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goo ...
*
Land registration Land registration is any of various systems by which matters concerning ownership, Possession (law), possession, or other rights in Real estate, land are formally recorded (usually with a government agency or department) to provide evidence of ti ...
*
Land tenure In Common law#History, common law systems, land tenure, from the French verb "tenir" means "to hold", is the legal regime in which land owned by an individual is possessed by someone else who is said to "hold" the land, based on an agreement bet ...
* Land Trust Alliance *
Land trust Land trusts are nonprofit organizations which own and manage land, and sometimes waters. There are three common types of land trust, distinguished from one another by the ways in which they are legally structured and by the purposes for which th ...
*
Landlocked A landlocked country is a country that does not have territory connected to an ocean or whose coastlines lie on endorheic basin, endorheic basins. There are currently 44 landlocked countries and 4 landlocked list of states with limited recogni ...
*
Landlord A landlord is the owner of a house, apartment, condominium, land, or real estate which is Renting, rented or leased to an individual or business, who is called a Leasehold estate, tenant (also a ''lessee'' or ''renter''). When a juristic person ...
*
Law of agency The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the pr ...
*
Lawful Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. ...
*
Lease A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the Lessor (leasing), ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are l ...
* Lease option *
Leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done fo ...
*
Leasehold A leasehold estate is an ownership Ownership is the state or fact of legal possession and control over property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things them ...
*
Leasehold estate A leasehold estate is an ownership of a temporary right to hold land or property in which a Lease, lessee or a tenant holds rights of real property by some form of title (property), title from a lessor or landlord. Although a tenant does hold rig ...
*
Legal capacity Legal capacity is a quality denoting either the legal aptitude of a legal person, person to have rights and liabilities (in this sense also called transaction capacity), or altogether the personhood itself in regard to an entity other than a na ...
* Legal description *
Legal entity In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, lawsuit, sue and be sued, ownership, own property, and so o ...
*
Legal personality Legal capacity is a quality denoting either the legal aptitude of a person to have rights and liabilities (in this sense also called transaction capacity), or altogether the personhood itself in regard to an entity other than a natural pers ...
* Legal interest rate – the opposite of
Usury Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is ch ...
*
Lenders mortgage insurance Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan A mortgage loan or simply m ...
*
Lessee A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the Lessor (leasing), ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are l ...
* Lessor * Leverage * Levy – a fine as penalty, seizure of debtor's property after
judgment Judgement (or US spelling judgment) is also known as ''adjudication Adjudication is the legal process by which an arbitration, arbiter or judge reviews evidence (law), evidence and argumentation, including legal reasoning set forth by opposi ...
, financial charge such as
tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal person, legal entity) by a governmental organization in order to fund government spending and various public expenditures (regiona ...
*
Licensee A licensee can mean the holder of a license or, in United States law, U.S. tort law, a licensee is a person who is on the property of another, despite the fact that the property is not open to the general public, because the owner of the property ...
*
Lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the ''lienee'' and the pers ...
* Lienee – property owner who grants the
lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the ''lienee'' and the pers ...
* Lienor – person who benefit from the lien * Lien holder – person who benefit from the lien *
Life estate In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate (law), estate in real property that ends at death when ownership of the p ...
* Life tenant – owner of a
life estate In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate (law), estate in real property that ends at death when ownership of the p ...
* Like-kind property exchange *
Limited liability company A limited liability company (LLC for short) is the United States of America, US-specific form of a private limited company. It is a business structure that can combine the Flow-through entity, pass-through taxation of a partnership or sole p ...
(LLC) *
Limited partnership A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited p ...
*
Liquidated damages Liquidated damages, also referred to as liquidated and ascertained damages (LADs), are damages whose amount the parties designate during the formation of a contracts, contract for the injured party to collect as compensation upon a specific breach ...
*
Liquidation value Liquidation value is the likely price of an asset when it is allowed insufficient time to sell on the open market, thereby reducing its exposure to potential buyers. Liquidation value is typically lower than fair market value. Unlike cash In eco ...
*
Liquidity Liquidity is a concept in economics involving the convertibility of assets and obligations. It can include: * Market liquidity, the ease with which an asset can be sold * Accounting liquidity, the ability to meet cash obligations when due * Liqui ...
* Lis pendens * Listing contract *
Litigation - A lawsuit is a proceeding by a party or parties against another in the Civil law (common law), civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in re ...
* Littoral rights *
LLC A limited liability company (LLC for short) is the US-specific form of a private limited company A private limited company is any type of business entity in Privately held company, "private" ownership used in many jurisdictions, in cont ...
*
LMI LMI may refer to: * Lenders mortgage insurance Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a m ...
* Loan origination fee *
Loan-to-value ratio The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. In Real estate Real estate is property consisting of land and the buildings on it, along with its natural ...
(LTV) *
Location In geography Geography (from Ancient Greek, Greek: , ''geographia''. Combination of Greek words ‘Geo’ (The Earth) and ‘Graphien’ (to describe), literally "earth description") is a field of science devoted to the study of the la ...
* Lot * Lot and Block survey system * LTV


M

* Market *
Market analysis A market analysis studies the attractiveness and the dynamics of a special Market (economics), market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyse ...
*
Market value Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a Market (economics), competitive auction setting. Market value is often used interchangeably with ''open market value'', ''fair value'' or ''fair market va ...
*
Marketable title Marketable title (real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item ...
* Master plan for community development * Masters of Real Estate Development *
Material fact A material fact is a fact that a reasonable person would recognize as relevant to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonabl ...
* Materialman's lien *
Mechanic's lien A mechanic's lien is a security interest in the title A title is one or more words used before or after a person's name, in certain contexts. It may signify either generation, an official position, or a professional or academic qualification. ...
* Meeting of minds * Menace *
Merger Mergers and acquisitions (M&A) are business transactions in which the ownership of Company, companies, other business organizations, or their operating units are transferred to or Consolidation (business), consolidated with another company or b ...
*
Metes and bounds Metes and bounds is a system or method of describing land, real property (in contrast to personal property) or real estate. The system has been used in England for many centuries and is still used there in the definition of general boundaries. The ...
*
Mill Mill may refer to: Science and technology * * Mill (grinding) A mill is a device, often a structure, machine or home appliance, kitchen appliance, that breaks solid materials into smaller pieces by grinding, crushing, or cutting. Such comminuti ...
* Millage tax * Mineral lease *
Mineral rights Mineral rights are property rights to exploit an area for the minerals it harbors. Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surfac ...
*
Ministerial act In United States law, a ministerial act is a government action "performed according to legal authority, established procedures or instructions from a superior, without exercising any individual judgment." It can be any act a functionary or bureaucra ...
* Minor * MIP *
Misrepresentation In common law jurisdictions, a misrepresentation is a False statements of fact, false or misleading ''Royal Mail Case, R v Kylsant'' 931Question of law, statement of fact made during negotiations by one party to another, the statement then in ...
* MLS *
Mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners ...
* Mortgage Account Error Correction, see
Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act (RESPA) was a law Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. ...
* Mortgage assumption * Mortgage bank, Mortgage banker * MGIC * Mortgage insurance premium (MIP) *
Mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners ...
*
Mortgage broker A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, ...
* Mortgage Guaranty Insurance Corporation (MGIC) *
Mortgage insurance Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines t ...
*
Mortgagee A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. ''Hypothec'' is the corresponding term in civil law system, civ ...
– borrower * Mortgagor – lender * Multiple Listing Service (MLS) * Mutual agreement *
Mutual assent Meeting of the minds (also referred to as mutual agreement, mutual assent or ''consensus ad idem'') is a phrase in contract law A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, an ...
* Mutual mistake *
Mutual savings bank A mutual savings bank is a financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly spe ...


N

* NAEA * NAR * NAREB * National Association of Estate Agents (NAEA) * National Association of Real Estate Brokers (NAREB) *
National Association of Realtors The National Association of Realtors (NAR) is an American trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by busine ...
(NAR) *
National Environmental Policy Act The National Environmental Policy Act (NEPA) is a United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ). The law was enacted on January 1, 1970.U ...
(NEPA) *
National Flood Insurance Program The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through floo ...
*
Negative amortization In finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumptio ...
*
Negligence Negligence (Lat. ''negligentia'') is a failure to exercise appropriate and/or ethical ruled care expected to be exercised amongst specified circumstances. The area of tort law known as ''negligence'' involves harm caused by failing to act as a ...
* NEPA *
Net income In business and Accountancy, accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and Amortization ...
*
Net lease In the field of commercial real estate, especially in the United States, a net lease requires the leasehold estate, tenant to pay, in addition to Renting, rent, some or all of the property expenses that normally would be paid by the property owner ...
*
Net operating income In accountancy, accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit (accounting), profit that includes all incomes and expenses (operating and Non-operating income, non-operating) except interest expe ...
* Notary Public *
Note Note, notes, or NOTE may refer to: Music and entertainment * Musical note In music, a note is the representation of a musical sound. Notes can represent the Pitch (music), pitch and Duration (music), duration of a sound in musical notation. A ...
* Niche real estate * Nonconforming use * Notice of lis pendens *
Novation Novation, in contract law A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of go ...
*
Null and void In law, void means of no legal effect. An action, document, or transaction which is void is of no legal effect whatsoever: an absolute nullity—the law treats it as if it had never existed or happened. The term void ''ab initio'', which means " ...


O

* Obligee *
Obligor A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), ser ...
*
Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
*
Occupancy Within the context of building A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a ...
* Offer *
Offer and acceptance Offer and acceptance are generally recognised as essential requirements for the formation of a contract, and analysis of their operation is a traditional approach in contract law A contract is a legally enforceable agreement between two or m ...
* Offeree * Offeror * Open listing or Open agency *
Operation of law The phrase "by operation of law" is a legal term that indicates that a right or liability has been created for a party, irrespective of the intent of that party, because it is dictated by existing legal principles. For example, if a person dies wi ...
* Option * Ordinance *
OREO Oreo () (stylized as OREO) is a brand of sandwich cookie consisting of two biscuits or cookie pieces with a sweet creme filling. It was introduced by Nabisco on March 6, 1912, and through a series of corporate acquisitions, mergers and splits ...
*
Origination fee An origination fee is a payment associated with the establishment of an account with a bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending a ...
* Other Real Estate Owned (OREO) * Outdated * Overimprovement –
building A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and funct ...
and
land improvement Land development is the alteration of landscape in any number of ways such as: * Changing landforms from a natural or semi-natural state for a purpose such as agriculture or House, housing * subdivision (land), Subdividing real estate into Lot (re ...
s that far surpass other local properties *
Owner-occupancy Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family detached home, single-fa ...
*
Ownership Ownership is the state or fact of legal possession and control over property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of th ...


P

*
Parol evidence rule The parol evidence rule is a rule in the Common law, Anglo-American common law that governs what kinds of evidence parties to a contract law, contract dispute can introduce when trying to determine the specific terms of a contract. The rule also ...
* Participation mortgage * Partition *
Partnership A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, business entity, businesses, interest-based organizations, schoo ...
*
Party wall A party wall (occasionally parti-wall or parting wall, also known as common wall or as a demising wall) is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the builder ...
* Peak land value intersection * Perc test, Percolation test *
Percolation Percolation (from Latin ''percolare'', "to filter" or "trickle through"), in physics, chemistry and materials science, refers to the movement and filtration, filtering of fluids through porous materials. It is described by Darcy's law. Broader ...
*
Personal property Personal property is property that is movable. In common law systems, personal property may also be called chattels or personalty. In civil law (legal system), civil law systems, personal property is often called movable property or movables— ...
*
PITI Piti may refer to: * Pīti, a mental factor in Buddhism * PITI, the principal, interest, taxes, and insurance sum of a mortgage payment * Piti (food), a soup dish of Central Asia * Piti (footballer) (born 1981), Spanish footballer * Piti, Guam ...
*
Planned community A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...
*
Plat In the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, s ...
* Pledge *
Plottage Plottage is the increase in value realized by combining adjacent parcels of land into one larger parcel. The process of combining the parcels is known as assemblage. Generally, the value of the whole parcel will be greater than the sum of the in ...
* PLSS * PMI *
Pocket listing In the real estate industry in the United States, a pocket listing or hip pocket listing is a property where a Real estate broker/agent, broker sells a property through private connections rather than entering it into a Multiple Listing Service, mu ...
* Points * Police power *
Population density Population density (in agriculture: Stock (disambiguation), standing stock or plant density) is a measurement of population per unit land area. It is mostly applied to humans, but sometimes to other living organisms too. It is a key geographical ...
* Positive
misrepresentation In common law jurisdictions, a misrepresentation is a False statements of fact, false or misleading ''Royal Mail Case, R v Kylsant'' 931Question of law, statement of fact made during negotiations by one party to another, the statement then in ...
*
Power of attorney A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter. The person auth ...
* Pre-delivery inspection * Prepaid expenses * Prepayment penalty * Prescription * Prescriptive easement *
Preventive maintenance The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, and residential installa ...
*
Price fixing Price fixing is an Anti-competitive practices, anticompetitive agreement between participants on the same side in a market to buy or sell a product (business), product, service, or commodity only at a fixed price, or maintain the market conditio ...
*
Pricing Pricing is the Business process, process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at wh ...
*
Prima facie ''Prima facie'' (; ) is a List of Latin phrases, Latin expression meaning ''at first sight'' or ''based on first impression''. The literal translation would be 'at first face' or 'at first appearance', from the feminine forms of ''primus'' ('fir ...
* Prima facie case *
Primary residence A person's primary residence, or main residence is the dwelling where they usually live, typically a house or an apartment. A person can only have one ''primary'' residence at any given time, though they may share the residence with other people. A ...
*
Prime rate A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to customers with good credit. Some Floating interest rate, variable interest rates may be expressed as a percentage above or below ...
* Principal – the amount of money owed on a
mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners ...
*
Principal meridian A principal meridian is a meridian (geography), meridian used for survey control in a large region. Canada The Dominion Land Survey of Western Canada took its origin at the First (or Principal) Meridian, located at 97°27′28.41″ west of Prime ...
* Principal residence *
Private equity real estate Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which incl ...
* Private mortgage insurance (PMI) *
Private property Private property is a legal designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property and personal property, which is owned by a state entity, and from collective ...
*
Privity of contract The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract. The premise is that only parties to contracts should be ab ...
*
Probate Probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled according to the laws of intestacy in the sta ...
* Profit à prendre *
Promissory note A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the ''maker'' or ''issuer'') promises in writing to pay a determinate sum of ...
* Promulgate, Promulgation *
Property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...
*
Property manager A property manager or estate manager is a person or firm charged with operating a real estate property for a fee when the owner is unable to attend to such details personally or is not interested in doing so. The property may be individual title ...
* Proration *
Provision Provision(s) may refer to: * Provision (accounting) In financial accounting under International Financial Reporting Standards, International Financial Reporting Standards (IFRS), a provision is an account that records a present Liability (fina ...
*
Public housing Public housing is a form of housing tenure in which the property is usually owned by a government authorities, government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the d ...
*
Public property Public property is property that is dedicated to public use. The term may be used either to describe the use to which the property is put, or to describe the character of its ownership (owned collectively by the population of a Sovereign state, st ...
*
Public Land Survey System The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling. Also known as the Rectangular Survey System, it was created by the Land Ordinance of 1785 ...
(PLSS) *
Public record Public records are documents or pieces of information that are not considered confidential Confidentiality involves a set of rules or a promise usually executed through confidentiality agreements that limits the access or places restrictions ...
*
Public utility A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of State ownership, publ ...
*
Punitive damages Punitive damages, or exemplary damages, are damages At common law, damages are a legal remedy, remedy in the form of a money, monetary award to be paid to a claimant as compensation for loss or injury. To warrant the award, the claimant must sh ...
*
Pur autre vie In property law Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, includin ...


Q

*
Quarter section In U.S. land surveying under the Public Land Survey System (PLSS), a section is an area nominally , containing , with 36 sections making up one survey township on a rectangular grid. The legal description of a tract of land under the PLSS incl ...
* Quiet enjoyment *
Quiet title Quiet may refer to: * Silence Silence is the absence of ambient hearing (sense), audible sound, the emission of sounds of such low sound intensity, intensity that they do not draw attention to themselves, or the state of having ceased to prod ...
* Quiet title action *
Quiet title Quiet may refer to: * Silence Silence is the absence of ambient hearing (sense), audible sound, the emission of sounds of such low sound intensity, intensity that they do not draw attention to themselves, or the state of having ceased to prod ...
proceeding *
Quitclaim deed Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land. Originally a c ...


R

* Racial steering *
Rate of return In finance, return is a Profit (accounting), profit on an investment. It comprises any change in value of the investment, and/or cash flows (or securities, or other investments) which the investor receives from that investment, such as interest pa ...
*
Ratification Ratification is a principal (commercial law), principal's approval of an act of its law of agency, agent that lacked the authority to bind the principal legally. Ratification defines the international act in which a state indicates its consent to ...
*
Ratify Ratification is a principal (commercial law), principal's approval of an act of its law of agency, agent that lacked the authority to bind the principal legally. Ratification defines the international act in which a state indicates its consent to ...
* Rating for real estate investment *
Real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
*
Real estate agency The law of agency is an area of commercial law Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce Commerce is the l ...
*
Real estate agent A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
*
Real estate appraisal Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, ...
(property valuation, land valuation) * Real estate benchmarking *
Real estate broker A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
* Real estate brokerage *
Real estate bubble A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate, real-estate markets, and typically follow a land boom. A land boom is the ra ...
*
Real estate contract A real estate contract is a contract between parties for the purchase and sale, exchange, or other Conveyancing, conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. R ...
*
Real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...
*
Real estate economics Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply and demand, supply, and demand. The closely related field of housing economics is narro ...
*
Real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minera ...
(REIT) * Real Estate Owned (REO) * Real estate salesperson *
Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act (RESPA) was a law Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. ...
(RESPA) * Real estate trading *
Real estate trends A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in Mortg ...
*
Real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, is land which is the property of some person and all structures (also called Land improvement, improvements or Fixture (property ...
*
Realtor A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
*
Recording A record, recording or records may refer to: An item or collection of data Computing * Record (computer science), a data structure ** Record, or row (database), a set of fields in a database related to one entity ** Boot sector or boot record, re ...
*
Recourse note Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non-recourse) is a secured loan (debt) that is security interest, secured by a pledge of collateral (finance), collateral, typically real property, but for which the borrower is not per ...
* Recovery and Enforcement Act (Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA) *
Redemption Redemption may refer to: Religion * Redemption (theology), an element of salvation to express deliverance from sin * Redemptive suffering, a Roman Catholic belief that suffering can partially remit punishment for sins if offered to Jesus * Pid ...
*
Redlining In the United States, redlining is a discriminatory practice in which services ( financial and otherwise) are withheld from potential customers who reside in neighborhoods classified as "hazardous" to investment; these neighborhoods have sig ...
*
Refinancing Refinancing is the replacement of an existing Collateralized debt obligation, debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or st ...
* Regress * Regulation Z *
REIT A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office building, office and apartment buildings, warehouses, hospital ...
* Reject *
Remainder In mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in m ...
*
Remainderman A remainderman is a person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. Usually this occurs due to the death or termination of the former owner's life estate In common law and statutory ...
* Remise *
Rent Rent may refer to: Economics *Renting Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property Property is a system of rights that gives people legal contro ...
* Rent-back agreement, Rent-back clause * REO * Replacement cost, Replacement value *
Repossession Repossession, colloquially repo, is a "self-help (law), self-help" type of action, mainly in the United States, in which the party having right of ownership of the property in question takes the property back from the party having right of posses ...
* Rescission * Resident manager – Estate manager, Property manager,
Building superintendent A building superintendent or building supervisor (often shortened to super) is a term used in the United States and Canada to refer to a manager responsible for repair and maintenance in a residential building. They are the first point of contac ...
* Residual income *
Restrictive covenant A covenant, in its most general sense and covenant (historical), historical sense, is a solemn promise to engage in or refrain from a specified action. Under historical English common law, a covenant was distinguished from an ordinary contract b ...
*
Revaluation of fixed assets In finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumpti ...
* Reverse mortgage, Reverse annuity mortgage * Reversion * Reversionary interest *
Revocation Revocation is the act of wikt:recall, recall or annulment. It is the cancelling of an act, the recalling of a grant or privilege, or the making void (law), void of some deed previously existing. A temporary revocation of a grant or privilege is c ...
*
RICS The Royal Institution of Chartered Surveyors (RICS) is a global professional body for Surveying, surveyors, founded in London in 1868. It works at a cross-governmental level, and aims to promote and enforce the highest international standards ...
*
Right of first refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transactio ...
* Right of redemption *
Right of survivorship In property law Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, in ...
* Right to
emblements In the common law, emblements are annual crops produced by cultivation legally belonging to the Leasehold estate, tenant with the implied right for its harvest, and are treated as the tenant's property. The doctrine chiefly comes into play in the ...
* Riparian rights, Riparian water rights *
Risk management Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as ''the effect of uncertainty on objectives'') followed by coordinated and economical application of resources to minimize, monitor, and con ...
*
Royal Institution of Chartered Surveyors The Royal Institution of Chartered Surveyors (RICS) is a global professional body for Surveying, surveyors, founded in London in 1868. It works at a cross-governmental level, and aims to promote and enforce the highest international standards ...
(RICS) * Run with the land


S

*
S corporation An S corporation, for Income tax in the United States, United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a Partnership taxation in the United States, partnership) that makes a ...
*
Sale and leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done fo ...
*
Sales contract A contract of sale, sales contract, sales order, or contract for sale is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent). ...
* Salesperson –
Estate agent An estate agent is a person or business that arranges the selling, renting, or management of real estate, properties and other buildings. An agent that specialises in renting is often called a Letting agent, letting or management agent. Estate ...
,
Real estate agent A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
*
Salvage value ''Residual value'' is one of the constituents of a leasing calculus or operation. It describes the future value of a good in terms of absolute value in monetary terms and it is sometimes abbreviated into a percentage of the initial price when the ...
* SAM *
Savings and loan association A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making Mortgage loan, mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the Unit ...
*
Scarcity In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good. ...
* Scavenger sale *
Second mortgage Second mortgages, commonly referred to as junior lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grant ...
* Secondary mortgage *
Secondary mortgage market The secondary mortgage market is the market for the sale of Security (finance), securities or Bond (finance), bonds Collateral (finance), collateralized by the value of mortgage loans. A mortgage lender, commercial bank, or specialized firm will gr ...
* Section – unit of land: 640 acres in the U.S., 1 square mile plots in Western Canada, the
Alberta Township System The Alberta Township System (ATS) is a land surveying system used in the Canada, Canadian Provinces and territories of Canada, province of Alberta and other parts of western Canada. History and background In principle there is a mathematical basis ...
*
Securitization Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling ...
*
Security deposit A security deposit is a sum of money held in trust either as an initial part-payment in a purchasing process Purchasing is the formal process of buying goods and services. The purchasing process can vary from one organization to another, but there ...
*
Seisin Seisin (or seizin) denotes the legal possession of a feudal Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in Middle Ages, medieval Europe betw ...
* Seizing * Self-build mortgage * Seller agency * Separate property * Servient estate, Servient tenement * Setback * Settlement costs * Settlement statement * Settlement *
Shared appreciation mortgage A shared appreciation mortgage or SAM is a mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise fun ...
(SAM) * Sheriff's deed * Situs *
Sole proprietorship A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the Types of business entity ...
* Special agent – person acting under a
Power of attorney A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter. The person auth ...
* Special assessment, Special assessment tax * Special warranty deed * Special flood hazard area *
Specific performance Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. It is typically available in the sale of land law, b ...
*
Speculation In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline i ...
*
Spot zoning Spot zoning is the application of zoning Zoning is a method of urban planning in which a municipality or other tier of government divides land into areas called zones, each of which has a set of regulations for new development that differs from ...
*
Squatter's rights Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Common law, Anglo-American common law under which a person who does not have title (property), legal title to a piece of property—usuall ...
* Starker exchange, Starker Trust *
Starter home A starter home or starter house is a house that is usually the first which a person or family can afford to purchase, often using a combination of savings and Mortgage loan, mortgage financing. In the real estate industry the term commonly denotes s ...
*
Statute of Frauds The Statute of Frauds (29 Car 2 c 3) (1677) was an Acts of Parliament in the United Kingdom, Act of the Parliament of England. It required that certain types of contracts, will (law), wills, and grants, and assignment or surrender of leases or i ...
*
Statute of limitations A statute of limitations, known in civil law (legal system), civil law systems as a prescriptive period, is a law passed by a legislature, legislative body to set the maximum time after an event within which legal proceedings may be initiated. ("T ...
* Statutory
foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset In financial accounting, an asset is any resource ...
*
Steering Steering is a system of components, linkages, and other parts that allows a driver to control the direction of the vehicle. Introduction The most conventional steering arrangement allows a driver to turn the front wheels of a vehicle using ...
* Stigmatized property * Straight–line depreciation *
Strata title Strata title is a form of ownership Ownership is the state or fact of legal possession and control over property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things th ...
* Strict foreclosure * Style obsolescence *
Sub-agent Sub-agent (Sub-agency) is a real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) ...
*
Subdivision Subdivision may refer to: Arts and entertainment * Subdivision (metre), in music * ''Subdivision'' (film), 2009 * "Subdivision", an episode of ''Prison Break'' (season 2) * ''Subdivisions'' (EP), by Sinch, 2005 * "Subdivisions" (song), by Rus ...
* Subdivision lot block and tract * Subject-to *
Sublease A lease is a contract A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goo ...
* Sublet * Subordination (finance), Subordination * Subordination agreement * Supply and demand * Survivorship * Sweat equity


T

* Tacking (law), Tacking * Tax assessment * Tax basis * Tax credit * Tax sale * Tax shelter * Deductible expense, Tax-deductible expense * Internal Revenue Code section 1031, Tax-deferred exchange * Tenancy by the entirety * Tenancy in common * Leasehold estate, Tenant * Tenements * Testate – opposite of Intestacy, Intestate * Testator * Testatrix * Theory of value (economics), Theory of value * Truth in Lending Act, TILA * Timeshare * Title (property), Title * Title insurance * Torrens title * Truth in Lending Act of 1968 (TILA) * Township * Land lot, Tract * Trespasser * Trust deed (real estate), Trust deed * Trust deed investment company * Land trust, Trust * Trustee * Settlor, Trustor


U

* Uniform Commercial Code, UCC * Underimprovement –
building A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and funct ...
and
land improvement Land development is the alteration of landscape in any number of ways such as: * Changing landforms from a natural or semi-natural state for a purpose such as agriculture or House, housing * subdivision (land), Subdividing real estate into Lot (re ...
s that are far below the level of other local properties * Underwriting * Undisclosed principal * Undivided interest * Undue influence * Unencumbered property – a property without any encumbrance * Unenforceable contract * Uniform Commercial Code (UCC) * Uniform Standards of Professional Appraisal Practice (USPAP) * Equitable conversion#Uniform Vendor and Purchaser Risk Act, Uniform Vendor and Purchaser Risk Act (UVPRA) * Contract#Elements, Unilateral contract – contract in which all parties make promises * Misrepresentation#Types of misrepresentation, Unintentional misrepresentation – also called innocent misrepresentation * Four unities, Unities * Unlike-kind property exchange – opposite of Like-kind exchange * Uniform Standards of Professional Appraisal Practice, USPAP * United States housing bubble * Urban renewal * Urban sprawl * Urban Land Institute * Usufruct *
Usury Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is ch ...
* Public utility, Utility


V

* VA loan * Valuable consideration * Real estate appraisal, Valuation * Exchange value, Value in exchange * Value-in-use, Value in use * Value theory * Market value, Value * Variance (land use), Variance * Vendee – buyer of goods or services * Vendor – supplier/seller of goods or services * Vicarious liability * Void contract * Voidable contract * Alienation (property law), Voluntary alienation


W

* Warranty deed * Warranty deed, Warranty of title * Waste (law), Waste * With reserve – in an auction, the price ("reservation price" or "reserve") below which the seller will not sell the item/property * Words of conveyance * Wraparound mortgage * Writ of attachment


Y

* Yield (finance), Yield * Yield spread premium


Z

* Zoning * Zoning, Zoning map * Zoning ordinance – local ordinance that controls Zoning, land use and buildings


External links

{{Real estate Finance lists, Real estate Real estate, * Wikipedia indexes, Real estate topics Indexes of business topics, Real estate topics Law-related lists Real estate lists