This aims to be a complete list of the articles on real estate. __NOTOC__

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A

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 deeds, mortgages, wills, probate records, court litigations, and tax sales� ...

* Acceleration clause * Accession * Acknowledgment *

Acre The acre ( ) is a Unit of measurement, unit of land area used in the Imperial units, British imperial and the United States customary units#Area, United States customary systems. It is traditionally defined as the area of one Chain (unit), ch ...

– a measure of land area * Action to quiet title *

Ad valorem tax An ''ad valorem'' tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT) ...

* ADA * Adjustable-rate mortgage (ARM) *

Adjusted basis In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increas ...

* Administrator/Administratrix *

Adverse possession Adverse possession in common law, and the related civil law (legal system), civil law concept of usucaption (also ''acquisitive prescription'' or ''prescriptive acquisition''), are legal mechanisms under which a person who does not have title (p ...

* Agency –

Real estate 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, who is authorized to act on behalf of another (called the pri ...

Buyer brokerage A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom ...

* Agent – Real estate agent or broker,

Estate agent An estate agent is a person or business in the United Kingdom that arranges the selling, renting, or managing of real estate, properties and other buildings. An agent that specialises in renting is often called a Letting agent, letting or manag ...

* Agreement *

Air rights In real estate, 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 oth ...

* Alienation * Allodial, Allodium *

Allodial title Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held "in allodium", or land ownership by occupancy and defense ...

* Alluvion *

Amenity In property and land use planning, amenity (lat. ''amoenitās'' “pleasantness, delightfulness”) is something considered to benefit a location, contribute to its enjoyment, and thereby increase its value. Tangible amenities can include th ...

* 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 Americans with disabilities as the Civil Rights Act of 1964, ...

Amortization calculator An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest In finance and eco ...

Amortization schedule An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. Amortization refers to the process of paying off a debt (often from a loan or mortgage) o ...

Amortizing loan In banking and finance, an amortizing loan is a loan where the 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, an amortizing b ...

Anchor store In North American, Australian and New Zealand retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are ...

Annexation Annexation, in international law, is the forcible acquisition and assertion of legal title over one state's territory by another state, usually following military occupation of the territory. In current international law, it is generally held t ...

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, mort ...

Apartment An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that ...

* 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 a pre-qualification & risk-based pricing factor related to the ...

– 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 * Article 4 of the United States Constitution * Artificial person * Asking price * Assemblage * Assignee * 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 South Africa (for certain lawyers), Sri Lanka, the Philippines, and the Unit ...

* 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 th ...

* Avulsion * Assessor * Assumption of mortgage

B

Balance Balance may refer to: Common meanings * Balance (ability) in biomechanics * Balance (accounting) * Balance or weighing scale * Balance, as in equality (mathematics) or equilibrium Arts and entertainment Film * Balance (1983 film), ''Balance'' ( ...

* Balloon mortgage * Bargain-and-sale deed * Baseline – a line that is a base for

measurement Measurement is the quantification of 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 determining how large or small a physical quantity is as compared to ...

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

, 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 Plane (mathematics), two-dimensional or Three-dimensional space#In Euclidean geometry, three-dimensional positions of Point (geom ...

* Basis * Benchmark *

Beneficiary A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of ...

* Bequest * Bhoodan movement * Bilateral contract – a 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'', or ''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 can be signed. See

offer and acceptance Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal Capacity (law), capacity). Analysis of their operation is a traditional appro ...

. * Blanket loan, Blanket mortgage *

Block Block or blocked may refer to: Arts, entertainment and media Broadcasting * Block programming, the result of a programming strategy in broadcasting * W242BX, a radio station licensed to Greenville, South Carolina, United States known as ''96.3 ...

Blockbusting Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowne ...

* Boiler insurance * Bona fide purchaser * Book value * Boot * Boundary *

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 part ...

Broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...

* 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 Real estate agents and real estate brokers are people who represent 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 age ...

* Broker's Price Opinion (BPO) * BPO Standards and Guidelines *

Budget A budget is a calculation plan, 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 construction objects such as buildings and non-building structures. Buildings must conform to the code to obtain planning permis ...

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 ...

Buyer's agent A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom ...

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 bonds held by an investor, an increase in land valuation, or other upward revaluation of fixed assets. Capital appreciation ...

Capital gain Capital gain is an economic concept defined as the profit earned on the sale of an asset which has increased in value over the holding period. An asset may include tangible property, a car, a business, or intangible property such as shares. ...

* Cap rate, Capitalization rate *

Cash flow Cash flow, in general, refers to payments made into or out of a business, project, or financial product. It can also refer more specifically to a real or virtual movement of money. *Cash flow, in its narrow sense, is a payment (in a currency), es ...

Caveat emptor ''Caveat emptor'' (; from ''caveat'', "may he/she beware", a subjunctive form of ''cavēre'', "to beware" + ''ēmptor'', "buyer") is Latin for "Let the buyer beware". It has become a proverb in English. Generally, ''caveat emptor'' is the contra ...

* Certificate of occupancy * Certified Relocation and Transition Specialist * Chain – sequence of linked house purchases * Chain – unit of measurement * Chain of title * Chattel * Chattel mortgage *

City block A city block, residential block, urban block, or simply block is a central element of urban planning and urban design. In a city with a grid system, the block is the smallest group of buildings that is surrounded by streets. City blocks are th ...

* Civil action * Civil Rights Act of 1866 *

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 or Phrase (grammar), phrase that comprises a semantic predicand (expressed or not) and a semantic Predicate (grammar), predicate. A typical clause consists of a subject (grammar), ...

* Client * 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 breach of trust in which a fiduciary mixes funds held in care for a client with their own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client. This raises particular ...

Commission In-Commission or commissioning may refer to: Business and contracting * Commission (remuneration), a form of payment to an agent for services rendered ** Commission (art), the purchase or the creation of a piece of art most often on behalf of anot ...

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 ...

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 or real property law, the "area which is available for use by more than one person..." The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees.

Common law Common law (also known as judicial precedent, judge-made law, or case law) is the body of law primarily developed through judicial decisions rather than statutes. Although common law may incorporate certain statutes, it is largely based on prece ...

* Community-based planning * Community land trust * 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, indi ...

* Condemnation – building is deemed no longer habitable, government seizure through

Eminent domain Eminent domain, also known as land acquisition, compulsory purchase, resumption, resumption/compulsory acquisition, or expropriation, is the compulsory acquisition of private property for public use. It does not include the power to take and t ...

, 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, falls into disrepair and decrepitude. There is no single process that leads to urban decay. ...

Condominium A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual own ...

* Condominium conversion, Condo conversion * Confidentiality, Confidential information *

Conformity Conformity or conformism is the act of matching attitudes, beliefs, and behaviors to social group, group norms, politics or being like-minded. Social norm, Norms are implicit, specific rules, guidance shared by a group of individuals, that guide t ...

* 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. It is commonly referred to a ...

* Construction loan, Construction mortgage * Constructive eviction *

Consumer A consumer is a person or a group who intends to order, or use purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. ...

* Contingency, Contingencies *

Continuing education Continuing education is the education undertaken after initial education for either personal or professional reasons. The term is used mainly in the United States and Canada. Recognized forms of post-secondary learning activities within the d ...

requirement * Contour map * Contract for deed * Contract of sale *

Contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ...

* 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 regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual own ...

* Courtesy signing * Covenants * Convey, Conveyance, Conveyancing * Cooling-off period * Cooperating broker * Cooperative apartment * Co-op * Co-ownership *

Copyhold Copyhold was a form of customary land ownership common from the Late Middle Ages into modern times in England. The name for this type of land tenure is derived from the act of giving a copy of the relevant title deed that is recorded in the ...

Corporation A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as ...

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 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 tolerances or limits established for in-serv ...

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 a property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realiz ...

Council housing Public housing in the United Kingdom, also known as 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 social housing. D ...

* Counteroffer * Courtesy tenure * Covenant * 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 which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

Creditor A creditor or lender is a 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 some propert ...

Cul-de-sac A dead end, also known as a ''cul-de-sac'' (; , ), a no-through road or a no-exit road, is a street with only one combined inlet and outlet. Dead ends are added to roads in urban planning designs to limit traffic in residential areas. Some d ...

Customer In sales, commerce, and economics, a customer (sometimes known as a Client (business), client, buyer, or purchaser) is the recipient of a Good (economics), good, service (economics), service, product (business), product, or an Intellectual prop ...

D

* Damages for breach of contract *

Datum Data ( , ) are a collection of discrete or continuous value (semiotics), values that convey information, describing the quantity, qualitative property, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols t ...

Debit Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value ''to'' that account, and a cred ...

* Debt service coverage ratio * Decedent * Declaration of Condominium * Declaration of Restriction *

Decree A decree is a law, legal proclamation, usually issued by a head of state, judge, monarch, royal figure, or other relevant Authority, authorities, according to certain procedures. These procedures are usually defined by the constitution, Legislativ ...

* Deductible expense *

Deed A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right ...

* Deed in bargain and sale * Deed in lieu of foreclosure * Deed in trust * Deed of gift * Deed of trust *

Deed restriction A covenant, in its most general and 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 by the presence of a seal. B ...

* Default * Defeasance clause * Defeasible fee *

Defeasible estate {{distinguish, text = the concept of indefeasibility within property law A defeasible estate is created when a grantor transfers land conditionally. Upon the happening of the event or condition stated by the grantor, the transfer may be void or a ...

* Deficiency – physical condition or

that is considered sub-standard or below minimum expectations * Deficiency judgment * Delivery and acceptance * Demise * Department of Housing and Urban Development (HUD) * Depreciable asset * Depreciated value *

Depreciation In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation i ...

* Descent * Designated agency, Designated agent * Devise – disposal of real property in a

will and testament A will and 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 fi ...

, or the property itself which has been disposed of * Devisee – beneficiary of a

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, d ...

* Discount points *

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; ) 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 of the Public Land Survey System used in the United St ...

* Double closing * Double escrow *

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 given into trust instrument, trust) by agreement at the time of t ...

* Dual agent, Dual agency * Due-on-sale clause * Duress

E

* Earnest money * Earthquake insurance *

Easement An easement is a Nonpossessory interest in land, nonpossessory right to use 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" ...

* 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 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 property rig ...

* ECOA *

Economic depression An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that economic crisis and the following recession ...

Economic rent In economics, economic rent is any payment to the owner of a factor of production in excess of the costs needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or bene ...

* Effective demand *

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 on a loan or financial product if compound interest accumulates in periods different than a year. ...

* 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 dispu ...

Ejido An ''ejido'' (, from Latin ''exitum'') is an area of communal land used for agriculture in which community members have usufruct rights, which in Mexico is not held by the Mexican state. People awarded ejidos in the modern era farm them indiv ...

* Emblements *

Enabling act An enabling act is a piece of legislation by which a legislative body grants an entity which depends on it (for authorization or legitimacy) for the delegation of the legislative body's power to take certain actions. For example, enabling act ...

* Encroachment *

Encumbrance An encumbrance is a third party's right to, interest in, or legal liability on property that does not prohibit the property's owner from transferring title (but may diminish its value). Encumbrances can be classified in several ways. They may be f ...

* Endorsement – signature on a

contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ...

thereby indicating the person's intent to become a party to the contract * Enforceable * Environmental Protection Agency *

Equal Credit Opportunity Act The Equal Credit Opportunity Act (ECOA) is a United States law (codified at et seq.), enacted October 28, 1974, that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, ...

(ECOA) * Equitable title * Equity * Equity of redemption * Escheat *

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 transact ...

* 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 liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net w ...

at any point in time alive or dead * Estate – a very large property (such as

country house image:Blenheim - Blenheim Palace - 20210417125239.jpg, 300px, Blenheim Palace - Oxfordshire 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 Townhou ...

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 l ...

) with houses, outbuildings, gardens, supporting farmland, and woods *

* Estate for years * Estate manager *

Estate tax International tax law distinguishes between an estate tax and an 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 (money and pr ...

Estoppel Estoppel is a judicial device whereby a court may prevent or "estop" a person from making assertions or from going back on their word. The person barred from doing so is said to be "estopped". Estoppel may prevent someone from bringing a particul ...

* Et al. * Et ux., Et uxor * Et vir *

Evaluation In common usage, 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 o ...

Eviction Eviction is the removal of a Tenement (law), tenant from leasehold estate, rental property by the landlord. In some jurisdictions it may also involve the removal of persons from premises that were foreclosure, foreclosed by a mortgagee (often ...

* Exclusive agency * Exclusive right to sell * Executed contract *

Execution Capital punishment, also known as the death penalty and formerly called judicial homicide, is the state-sanctioned killing of a person as punishment for actual or supposed misconduct. The sentence ordering that an offender be punished in ...

Executor An executor is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form, executrix, is sometimes used. Executor of will An executor is a legal term referring to a person named by the maker o ...

Executory contract An executory contract is a contract that has not yet been fully performed or fully executed.''Mission Product Holdings, Inc.'' v. ''Tempnology, LLC'', 139 S. Ct. 1652 (2019). It is a contract in which both sides still have important performance rema ...

* Executrix * Exempt – Grandfather clause 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 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 by the promise of th ...

Express contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of those a ...

* Extended coverage

F

* Fair Housing Act of 1968 * 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, as well as in bankruptcy laws, in many state laws, and by several ...

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 an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia.Federal Home Loan Mortgage Corporation The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia.Federal Housing Administration The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a Independent agencies of the United States government, United States government agency founded by Pr ...

(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 Ne ...

(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. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...

Fee simple In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., pe ...

Fee simple absolute In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., per ...

* Fee simple determinable * Fee simple subject to condition subsequent *

Feudal system Feudalism, also known as the feudal system, was a combination of legal, economic, military, cultural, and political customs that flourished in medieval Europe from the 9th to 15th centuries. Broadly defined, it was a way of structuring socie ...

as applicable to real estate * FHA * FHA-insured loan * Field Card * Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) * Fire insurance * FIRREA * First mortgage – as opposed to Second mortgage * Fixed-rate mortgage * Fixer-upper * Fixture *

Flat-fee MLS Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an " à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the ...

* Flipping * 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 th ...

Foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), coll ...

* Four unities *

Fraud In law, fraud is intent (law), intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate Civil law (common law), civil law (e.g., a fraud victim may sue the fraud perpetrato ...

* Freehold * Freehold estate * For Sale By Owner * 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 whereby the character of a neighborhood changes through the influx of more Wealth, affluent residents (the "gentry") and investment. There is no agreed-upon definition of gentrification. In public discourse, it has ...

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 exp ...

* GNMA *

Good faith estimate The CFPB requires that lenders provide customers with a Loan Estimate to help them understand the full cost of buying a home with a mortgage. The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015. Lenders are requi ...

Government National Mortgage Association 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 or Ginnie Mae) * Graduated payment mortgage * Gramdan * Grant bargain and sale deed * Grant * Grant deed * Grantee * Grantor *

Green belt A green belt or greenbelt 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 ...

* 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 freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of ...

H

* Habendum clause * Habitable * Hard money * Hard money lenders * Hard money loan * Hazard insurance * Heirs, Heirs and assigns * Hereditament * Heterogeneous * Highest and best use * (HOA) *

Holographic will A holographic will, or olographic testament, is a will and testament which is a holographic document, meaning that it has been entirely handwritten and signed by the testator. Holographic wills have been treated differently by different jurisdic ...

* Home construction loan * Home equity line of credit (HELOC) *

Home rule Home rule is the 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 or an external dependent country to exercise such of the state's powers of governan ...

* Home-equity debt *

Home equity loan A home equity loan is a type of loan in which the borrowers use the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending in ...

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 suc ...

– especially Home buyers inspection before closing or Pre-delivery inspection of new construction * Homeowners association (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 exemption The homestead exemption is a legal regime to protect the value of the homes of residents from property taxes, creditors, and circumstances that arise from the death of the homeowner's spouse, disability, or other situations. Such laws are found ...

Homogeneous Homogeneity and heterogeneity are concepts relating to the uniformity of a substance, process or image. A homogeneous feature is uniform in composition or character (i.e., color, shape, size, weight, height, distribution, texture, language, i ...

Housing association In Ireland and the United Kingdom, housing associations are private, Non-profit organization, non-profit organisations that provide low-cost "Public housing in the United Kingdom, social housing" for people in need of a home. Any budget surpl ...

Housing bubble A housing bubble (or housing price bubble) is one of several types of 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 main phases. First t ...

* Housing tenure * Housing and Urban Development (HUD) *

Housing cooperative A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically hou ...

* HUD * HUD-1 Settlement Statement * Hypothecation

I

* IBC * Illusory offer, Illusory promise * ILSA * ILSFDA * Immobility – immovable real estate * Immovable property *

Implied contract A quasi-contract (or implied-in-law contract or constructive contract) is a Legal fiction, fictional contract recognised by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems ...

* Implied warranty * Improved land * Improvements –

Home improvement The concept of home improvement, home renovation or remodeling is the process of renovating, making improvements or making additions to one's home. Home improvement can consist of projects that upgrade an existing home interior (such as electr ...

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 housing * Subdividing real estate into lots, typically for the purpo ...

Inspection An inspection is, most generally, an organized examination or formal evaluation exercise. In engineering activities inspection involves the measurements, tests, and gauges applied to certain characteristics in regard to an object or activity. ...

Income approach The income approach is a real estate appraisal valuation method. It 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 a ...

for appraisal * Income property – real estate rented out to provide income for the

landlord A landlord is the owner of property such as a house, apartment, condominium, land, or real estate that is rented or leased to an individual or business, known as a tenant (also called a ''lessee'' or ''renter''). The term landlord appli ...

* Income shelter * Incompetent * Incorporeal property * Indemnification * Ingress *

Inheritance tax International tax law distinguishes between an estate tax and an 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 (money and pro ...

Injunction An injunction is an equitable remedy in the form of a special court order compelling a party to do or refrain from doing certain acts. It was developed by the English courts of equity but its origins go back to Roman law and the equitable rem ...

* 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, ...

International Building Code The International Code Council (ICC), also known as the Code Council, is an American nonprofit standards organization sponsored by the building trades, which was founded in 1994 through the merger of three regional model code organizations in th ...

(IBC) * Internet Data Exchange (IDX) * Instrument * Insurable interest *

Interest In finance and economics, interest is payment from a debtor 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 distinct f ...

* Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA) *

Intestate Intestacy is the condition of the estate of a person who dies without a legally valid will, resulting in the distribution of their estate under statutory intestacy laws rather than by their expressed wishes. Alternatively this may also apply ...

* Intestate succession * Invalid * Investing in real estate –

Real estate investing Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate profit or long-term wealth. A real estate investor or entrepreneur may participate actively or passively in real estate transactions. The p ...

, Real estate investment club, Flipping property *

Investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

Investment rating for real estate An investment rating of a real estate property measures the property's risk-adjusted returns, relative to a completely risk-free asset. Mathematically, a property's investment rating is the return a risk-free asset would have to yield to be termed ...

* Investment value * Involuntary alienation *

Firm offer A firm offer is an offer that will remain open for a certain period or until a certain time or occurrence of a certain event, during which it is incapable of being revoked. As a general rule, all offers are revocable at any time prior to accept ...

J

* Jeonse *

Joint and several liability Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be: * severally liable, or * jointly liable, or * jointly and severally liable. Several liability In several or proportionat ...

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 risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

Judgment Judgement (or judgment) is the evaluation of given circumstances to make a decision. Judgement is also the ability to make considered decisions. In an informal context, a judgement is opinion expressed as fact. In the context of a legal trial ...

* 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, 80-15-5 piggy-back loan, and

home equity loan A home equity loan is a type of loan in which the borrowers use the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending in ...

Jurisdiction Jurisdiction (from Latin 'law' and 'speech' or 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, the concept of jurisdiction applies at multiple level ...

K

* Key money

L

* Laches *

Land Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29.2% of Earth's surface and includes all continents and islands. Earth's land sur ...

* 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 *

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 "" 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 betw ...

* 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 *

Landlord A landlord is the owner of property such as a house, apartment, condominium, land, or real estate that is rented or leased to an individual or business, known as a tenant (also called a ''lessee'' or ''renter''). The term landlord appli ...

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, who is authorized to act on behalf of another (called the pri ...

* Lawful *

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'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

* Lease option * Leaseback *

Leasehold A leasehold estate is an ownership of a temporary right to hold land or property in which a Lease, lessee or a tenant has rights of real property by some form of title (property), title from a lessor or landlord. Although a tenant does hold right ...

Leasehold estate A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a le ...

* Legal capacity * Legal description *

Legal entity In law, a legal person is any person or 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 on. The reason for the term "''le ...

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 the personhood itself in regard to an entity other than a natural person (in this sen ...

* Legal interest rate – the opposite of

Usury Usury () is the practice of making loans that are seen as unfairly enriching 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 charged in e ...

* Lenders mortgage insurance *

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'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

* Lessor * Leverage * Levy – a

fine Fine may refer to: Characters * Fran Fine, the title character of ''The Nanny'' * Sylvia Fine (''The Nanny''), Fran's mother on ''The Nanny'' * Officer Fine, a character in ''Tales from the Crypt'', played by Vincent Spano Legal terms * Fine (p ...

as penalty, seizure of debtor's property after

judgment Judgement (or judgment) is the evaluation of given circumstances to make a decision. Judgement is also the ability to make considered decisions. In an informal context, a judgement is opinion expressed as fact. In the context of a legal trial ...

, financial charge such as

tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...

Licensee A licensee can mean the holder of a license or, in U.S. tort law, 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 has allowed the licensee to en ...

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

* 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 in real property that ends at death, when the property rights may rever ...

* 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 in real property that ends at death, when the property rights may rever ...

* Like-kind property exchange *

Limited liability company A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

(LLC) *

Limited partnership A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts. Limited partnership ...

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 contract for the injured party to collect as compensation upon a specific breach (e.g., lat ...

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 or other a ...

* Lis pendens *

Listing contract Listing may refer to: * Enumeration of a set of items in the form of a list * Listing (computer), a computer code listing * Listing (finance), the placing of a company's shares on the list of stocks traded on a stock exchange * Johann Benedict Listi ...

Litigation A lawsuit is a proceeding by one or more parties (the plaintiff or claimant) against one or more parties (the defendant) in a civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. ...

Littoral rights In United States law, littoral rights are rights concerning properties that abut static water like an ocean, bay, delta, sea or lake, rather than a flowing river or stream (riparian). Littoral rights are usually concerned with the use and enjoyment ...

* LLC * LMI * 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, the term is commonly used by banks and building societies to represent the ratio of the first ...

(LTV) *

Location In geography, location or place is used to denote a region (point, line, or area) on Earth's surface. The term ''location'' generally implies a higher degree of certainty than ''place'', the latter often indicating an entity with an ambiguous bou ...

* Lot * Lot and Block survey system * LTV

M

* Market *

Market analysis A market analysis studies the attractiveness and the dynamics of a special 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 analyses the strengths, ...

Market value Market value or OMV (open market valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with ''open market value'', ''fair value'' or '' fair market value'', although t ...

* Marketable title * Master plan for community development * Masters of Real Estate Development * Material fact * Materialman's lien *

Mechanic's lien A mechanic's lien is a security interest in the Title (property), title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm ...

* Meeting of minds * Menace *

Merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

* Metes and bounds *

Mill Mill may refer to: Science and technology * Factory * Mill (grinding) * Milling (machining) * Millwork * Paper mill * Steel mill, a factory for the manufacture of steel * Sugarcane mill * Textile mill * List of types of mill * Mill, the arithmetic ...

* Millage tax * Mineral lease * Mineral rights * Mini dorm * Ministerial act * 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 Major League Soccer (MLS) is a professional soccer league in North America and the highest level of the United States soccer league system. It comprises 30 teams, with 27 in the United States and 3 in Canada, and is sanctioned by the United ...

Mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions 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 t ...

* Mortgage Account Error Correction, see Real Estate Settlement Procedures Act *

Mortgage assumption Mortgage assumption is the conveyance of the terms and balance of an existing mortgage loan, mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. All mortgag ...

* Mortgage bank, Mortgage banker * MGIC * Mortgage insurance premium (MIP) *

Mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions 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 t ...

* Mortgage Guaranty Insurance Corporation (MGIC) * Mortgage insurance * Mortgagee – borrower * Mortgagor – lender * Multiple Listing Service (MLS) * Mutual agreement * Mutual assent * Mutual mistake * Mutual savings bank

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 for those who work in the real estate industry. it had over 1.5 million members, making it the largest trade association in the United States including NAR's institute ...

(NAR) * National Environmental Policy Act (NEPA) * National Flood Insurance Program *

Negative amortization In finance, negative amortization (also known as NegAm, deferred interest or graduated payment mortgage) occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the lo ...

Negligence Negligence ( Lat. ''negligentia'') is a failure to exercise appropriate care expected to be exercised in similar circumstances. Within the scope of tort law, negligence pertains to harm caused by the violation of a duty of care through a neg ...

NEPA The National Environmental Policy Act (NEPA) is a United States environmental law designed to promote the enhancement of the environment. It created new laws requiring List of federal agencies in the United States, U.S. federal government agenc ...

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 (a ...

Net lease In the field of commercial real estate, especially in the United States, a net lease requires the tenant to pay, in addition to rent, some or all of the property expenses that normally would be paid by the property owner (known as the "landlord" ...

* Net operating income *

Notary Public A notary public ( notary or public notary; notaries public) of the common law is a public officer constituted by law to serve the public in non-contentious matters usually concerned with general financial transactions, estates, deeds, powers- ...

* Note * Niche real estate * Nonconforming use * Notice of lis pendens * Novation * Null and void

O

* Obligee * Obligor *

Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ...

* Offer *

Offer and acceptance Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal Capacity (law), capacity). Analysis of their operation is a traditional appro ...

* 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 * Origination fee * Other Real Estate Owned (OREO) * Outdated * Overimprovement –

building A building or edifice is an enclosed Structure#Load-bearing, structure with a roof, walls and window, windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, a ...

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 housing * Subdividing real estate into lots, typically for the purpo ...

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, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as '' title'', which may be separated and held by dif ...

P

Parol evidence rule The parol evidence rule is a rule in common law jurisdictions limiting the kinds of evidence parties to a contract dispute can introduce when trying to determine the specific terms of a contract and precluding parties who have reduced their agre ...

Participation mortgage A participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional equitable interests. In this arrangement the lender, or mortgagee, is entitled to share in the rental ...

* Partition *

Partnership A partnership is an agreement where parties agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations ...

Party wall A party wall (occasionally parti-wall or parting wall, shared wall, also known as common wall or as a demising wall) is a wall shared by two adjoining properties. Typically, the builder lays the wall along a property line dividing two terraced h ...

* Peak land value intersection * Perc test, Percolation test *

Percolation In physics, chemistry, and materials science, percolation () refers to the movement and filtration, filtering of fluids through porous materials. It is described by Darcy's law. Broader applications have since been developed that cover connecti ...

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—a ...

* PITI *

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, a plat ( or ) (plan) is a cadastral map, drawn to scale, showing the divisions of a piece of land. United States General Land Office surveyors drafted township plats of Public Lands Survey System, Public Lands Surveys to ...

* Pledge * Plottage * PLSS * PMI * Pocket listing * Points * Police power *

Population density Population density (in agriculture: Standing 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 geog ...

* 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 anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given ...

Pricing Pricing is the Business process, process whereby a business sets and displays 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 ...

Prima facie ''Prima facie'' (; ) is a 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 ' ("first") and ' ("face"), both in the a ...

* Prima facie case * Primary residence * Prime rate * Principal – the amount of money owed on a

mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions 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 t ...

Principal meridian A principal meridian is a 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 Greenwich, just west of ...

* Principal residence * Private equity real estate * Private mortgage insurance (PMI) *

Private property Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership ...

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 anyone who is not a party to that contract. It is related to, but distinct from, the doctrine of considera ...

Probate In common law jurisdictions, 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, in the absence of a legal will, the e ...

* 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 mon ...

* Property manager * Proration * Provision *

Public housing Public housing, also known as social housing, refers to Subsidized housing, subsidized or affordable housing provided in buildings that are usually owned and managed by local government, central government, nonprofit organizations or a ...

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 state). State own ...

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 17 ...

(PLSS) *

Public record Public records are documents or pieces of information that are not considered confidential and generally pertain to the conduct of government. Depending on jurisdiction, examples of public records includes information pertaining to births, deat ...

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 public control and ...

Punitive damages Punitive damages, or exemplary damages, are damages assessed in order to punish the defendant for outrageous conduct and/or to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit. ...

* Pur autre vie

Q

* Quarter section * Quiet enjoyment * Quiet title * Quiet title action * Quiet title proceeding * Quitclaim deed

R

* Racial steering *

Rate of return In finance, return is a 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 over a specified time period, such as i ...

Ratification Ratification is a principal's legal confirmation of an act of its agent. In international law, ratification is the process by which a state declares its consent to be bound to a treaty. In the case of bilateral treaties, ratification is usuall ...

Ratify Ratification is a principal's legal confirmation of an act of its agent. In international law, ratification is the process by which a state declares its consent to be bound to a treaty. In the case of bilateral treaties, ratification is usuall ...

* Rating for real estate investment * Real estate *

Real estate agent Real estate agents and real estate brokers are people who represent 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 age ...

Real estate appraisal Real estate appraisal, home appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). The appraisal is conducted by a licensed appraiser. Real estate transactions often require ...

(property valuation, land valuation) * Real estate benchmarking *

* Real estate brokerage *

Real estate bubble A real-estate bubble or property bubble (or housing bubble for Residential area, residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduced in ...

* Real estate contract *

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 parce ...

* Real estate economics *

Real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT) * Real Estate Owned (REO) * Real estate salesperson * Real Estate Settlement Procedures Act (RESPA) * Real estate trading * Real estate trends *

Real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an Land i ...

Realtor Real estate agents and real estate brokers are people who represent 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 agent ...

* Recording *

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 p ...

* Recovery and Enforcement Act (Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA) * Redemption *

Redlining Redlining is a Discrimination, discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of Race (human categorization), racial and Ethnic group, ethnic minorities. Redlining has been mos ...

* Refinancing * Regress * Regulation Z * REIT * Reject *

Remainder In mathematics, the remainder is the amount "left over" after performing some computation. In arithmetic, the remainder is the integer "left over" after dividing one integer by another to produce an integer quotient ( integer division). In a ...

* Remainderman * Remise * Rent * Rent-back agreement, Rent-back clause * REO * Replacement cost, Replacement value *

Repossession Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party having right of possession without invoking court proc ...

* 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 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 by the ...

Revaluation of fixed assets In finance, a revaluation of fixed assets is an action that may be required to accurately describe the true value of the capital goods a business owns. This should be distinguished from planned depreciation, where the recorded decline in the valu ...

* 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 *

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 * Right to emblements * Riparian rights, Riparian water rights *

Risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

Royal Institution of Chartered Surveyors The Royal Institution of Chartered Surveyors (RICS) is a global professional body for those working in the Built Environment, Construction, Land, Property and Real Estate. The RICS was founded in London in 1868. It works at a cross-governmental ...

(RICS) * Run with the land

S

S corporation An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of t ...

* Sale and leaseback *

Sales contract In contract law, 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 ...

* Salesperson –

* Salvage value * 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 and other loans. While the terms "S&L" and "thrift" are mainly used in the United States, ...

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 * Secondary mortgage * Secondary mortgage market * 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 Canadian province of Alberta and other parts of western Canada. History and background In principle there is a mathematical basis for the Alberta Township System (ATS) var ...

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 sellin ...

Security deposit A security deposit is a sum of money held in trust. In leasing, security deposits, also known as "rent deposits", are required most often by lessors of automobiles, residential property, and commercial real estate. Security deposits in the Un ...

* Seisin * Seizing * Self-build mortgage *

Seller agency Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. A period during which goods are sold for a reduced price may also be referred ...

* Separate property * Servient estate, Servient tenement * Setback * Settlement costs * Settlement statement * Settlement * Shared appreciation mortgage (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 only one person and in which there is no legal distinction between the owner and the business entity. ...

* Special agent – person acting under a

* 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, in which a court issues an order requiring a party to perform a specific act, such as to complete performance of a 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 in a brief amount of time. It can also refer to short sales in which the speculator hope ...

Spot zoning Spot or SPOT may refer to: Places * Spot, North Carolina, a community in the United States * The Spot, New South Wales, a locality in Sydney, Australia * South Pole Traverse, sometimes called the South Pole Overland Traverse People * Spot Col ...

* Squatter's rights * Starker exchange, Starker Trust * Starter home *

Statute of Frauds The Statute of Frauds ( 29 Cha. 2. c. 3) (1677) is an act of the Parliament of England. In its original form it required that certain types of contracts, wills, and grants, and assignment or surrender of leases or interest in real property mu ...

Statute of limitations A statute of limitations, known in civil law systems as a prescriptive period, is a law passed by a legislative body to set the maximum time after an event within which legal proceedings may be initiated. ("Time for commencing proceedings") In ...

* Statutory

foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), coll ...

Steering Steering is the control of the direction of motion or the components that enable its control. Steering is achieved through various arrangements, among them ailerons for airplanes, rudders for boats, cylic tilting of rotors for helicopters, ...

* Stigmatized property * Straight–line depreciation * Strata title * Strict foreclosure * Style obsolescence * Sub-agent * Subdivision * Subdivision lot block and tract * Subject-to * Sublease * Sublet * Subordination * Subordination agreement *

Supply and demand In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good ...

* 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 –

and

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#Offer,_acceptance,_and_invitation_to_treat, 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 *

* 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 * Water right * 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 {{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