Buying a Home - Glossary

  Click on a term and find out what it means!

Abandonment Abatement Absorption Rate Abstract Of Title Accelerated Depreciation Acceleration Clause Acceptance Access Accretion Accrued Acknowledgement Acre Adhesion Contract Ad Valorem Adverse Possession Affidavit Agency Agent Agreement Of Sale Air Rights Alienation Clause Allodial System Amenities Amortization Anchor Tenant Annual Percentage Rate Appraisal Appreciation Appurtenant Arbitration Assessed Valuation Assessment Assignment Assumption Of Mortgage Attachment Attorney-In-Fact Attornment Balloon Payment Bargain And Sale Deed Base Line And Meridian Basis Bench Mark Beneficiary Bilateral Contract Bill Of Sale Blanket Mortgage Blue Sky Laws Boot Boundaries Breach Of Contract Broker Brokerage Budget Mortgage Buffer Zone Building Permit Building Residual Technique Bulk Transfers Bundle Of Rights Business Days Business Opportunities Cantilever Capital Gain Capital Improvement Capitalization Cap Rate Certificate Of Reasonable Value Certified Check Certified Property Manager Chain Of Title Chattel Clear Title Client Trust Account Closing Closing Costs Closing Statement Cloud On Title Cluster Development Code Of Ethics Collateral Color Of Title Commercial Property Commingling Commission Commitment Common Areas Common Elements Common Law Common Wall Community Property Comparables Compound Interest Concessions Condemnation Condominium Ownership Consideration Constructive Eviction Constructive Notice Contingency Contract Conveyance Cooperating Broker Cooperative Ownership Co-Tenancy Counter-Offer Courtesy To Brokers Covenant Covenants And Conditions Covenants Running With The Land Cul De Sac Customer Trust Fund Dealer Debt Service Declaration Of Restrictions Dedication Deed Deed Of Trust Default Deferred Commissions Deficiency Judgement Density Deposit Depreciation - Appraisal Depreciation - Tax Depth Table Descent Description Developer Devise Disclaimer Discount Points Discrimination Distraint Domicile Double Escrow Dower Dual Agency Due On Sale Clause Duplex Duress Easement Easement In Gross Emblements Eminent Domain Encroachment Encumbrance Entirety, Tenancy By Environmental Impact Statement Equity Errors And Omissions Insurance Escheat Escrow Estoppel Ethics Eviction Exchange Exclusive Agency Exclusive Listing Executive Executor Executory Contract Extender Clause Extension Fair Market Value Farm Area Feasibility Study Federal Housing Administration (Fha) Federal Tax Lien Federal Trade Commission (Ftc) Fee Simple Fiduciary Filled Land Finance Charge Finance Fee Financial Statement Finder's Fee Firm Commitment First Refusal, Right Of Fiscal Year Fixture Flag Lot Floor Area Ratio Floor Duty Foreclosure Fraud Free And Clear Title Frontage Functional Obsolescence Garnishment General Agent General Contractor General Partner Gift Tax Good Faith Good Will Government Survey Graduated Rental Lease Grandfather Clause Grantee Grantor Gross Area Gross Income Multiplier Gross Lease Guardian Habendum Clause Habitable Heir Highest And Best Use High Rise Hold Harmless Clause Holdover Tenant Homeowner's Association Homestead Hotel House Rules Hud Hypothecate Implied Warranty Of Habitability Impound Account Improved Land Improvements Imputed Interest Income Approach Income Property Incorporeal Rights Independent Contractor Industrial Park Injunction Innocent Purchaser For Value Inspection Institutional Lender Interest Interim Financing Intestate Inventory Inverse Condemnation Joint And Several Liability Joint Tenancy Joint Venture Judgment Lien Judicial Foreclosure Junior Mortgage Jurisdiction Just Compensation Land Land Contract Land Description Land Leaseback Land, Tenements And Hereditaments Land Trust Landlocked Landlord Landmark

Landscaping Lateral And Subjacent Support Law Day Lease Leasehold Legal Description Legal Notice Legal Rate Of Interest Lessee Lessor Less-Than-Freehold Estate Letter Of Credit Letter Of Intent Level Payment Mortgage Leverage Licensee Lien Life Estate Limited Common Elements Limited Partnership Line Of Credit Liquidated Damages Liquidity Lis Pendens Listing Littoral Land Loan Commitment Loan-To-Value Ratio Locus Sigilli Loss Payee Maintenance Mall Marginal Land Marketable Title Market Value Master Plan Meander Line Mechanic's Lien Metes And Bounds Military Clause Mineral Rights Misrepresentation Money Month-To-Month Tenancy Monuments Mortgage Mortgage Banker Mortgage Broker Mortgagee Mortgagor Multiple Listing Service (MLS) National Association Of Realtors (NAR) Negative Cash Flow Negotiable Instrument Negotiation Net Income Net Lease Net Worth Nominal Consideration Non-Competition Clause Nonconforming Use Nondisturbance Clause Normal Wear And Tear Note Notice Notice Of Completion Notice Of Default Notice Of Nonresponsibility Notice To Quit Novation Nuisance Null And Void Obsolescence Offer Offer And Acceptance Office Exclusive Offsite Costs Open-End Mortgage Open House Open Listing Open Space Operating Expenses Opinion Of Title Option Origination Fee Overimprovement Override Package Mortgage Parcel Partial Release Participation Mortgage Partition Partnership Party Wall Penthouse Percentage Lease Percolation Test Performance Bond Periodic Tenancy Permanent Financing Personal Property Piggyback Loan Planned Unit Development (PUD) Plat Plottage Pocket Listing Point Of Beginning Points Police Power Porte Cochere Possession Power Of Attorney Power Of Sale Premises Prepaid Interest Prepayment Penalty Prepayment Privilege Pre-Sale Prescription Present Value Of One Dollar Prime Rate Principal Principal Broker Private Mortgage Insurance Probate Procuring Cause Pro Forma Statement Promissory Note Property Property Management Property Report Proprietary Lease Prorate Prospect Prospectus Puffing Punch List Purchase Money Mortgage Qualified Fee Quantity Survey Quiet Enjoyment Quiet Title Action Quitclaim Deed Range Rate Of Return Raw Land Real Estate Real Property Realtor Realty Rebate Recapture Clause Receiver Recording Redemption, Equitable Right Of Reduction Certificate Refinance Reformation Release Release Clause Remainder Estate Renewal Option Rent Rent Control Rental Agreement Rental Pool Reproduction Cost Rescission Reserve Fund Residual Process Restrictions Restrictive Covenant Retaliatory Eviction Reversion Right Of Survivorship Right-Of-Way Riparian Risk Of Loss Running With The Land Sale And Leaseback Schematics Second Mortgage Secondary Mortgage Market Security Agreement Security Deposit Septic Tank Setback Settlement Severalty Shell Lease Shopping Center Shoreline Simple Interest Special Assessment Special Warranty Deed Specific Performance Spot Loan Standing Loan Statute Of Frauds Statute Of Limitations Step-Up Lease Straight Note Subject To Mortgage Subordination Agreement Summary Possession Surrender Survey Survivorship Take-Out Financing Tax Lien Tax Shelter Tenancy At Sufferance Tenancy At Will Tenancy By The Entirety Tenancy For Years Tenancy In Common Tenancy In Severalty Tenant Time Is Of The Essence Time Sharing Title Insurance Title Search Townhouse Township Trade Fixtures Triple Net Lease Trust Deed Trust Fund Account Turnkey Project Unilateral Contract Upset Price Useful Life Usury Vacancy Factor Value Variance Vendee Vendor Void Voidable Waiver Warehouse Warehousing Warranty Warranty Deed Waste Wear And Tear Wrap-Around Mortgage Year-To-Year Tenancy Yield Zoning

Click Here To Go Home Buyer Guide Site Index