dictionary of real estate terms pdf

And you might even find it helpful as you brush up on a term or two. Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Agents, usually at … Principal – The property (such as money, stock, and real estate) contributed to or otherwise acquired by a trust to generate income and to be used for the benefit of trust beneficiaries according to the trust’s terms. 622 1/2 entre 44 y 45 La Plata (B1900AND), Buenos Aires Argentina +54-221-425-1266 Buying or selling a home is one of the most important decisions in … D. Deed of trust - one form of real estate security agreement granting a security interest in real estate which typically contains a power of sale allowing a.trustee to hold a non-judicial public sale much more quickly than would be the case in a judicial foreclosure.. Ebook. Bridging Loan. Real Estate Glossary of Terms and Definitions. Boxer's Glossary of Commercial Real Estate Terms A B C E F G I L M N O P R S T U W Abated Rent Rent that a tenant does not have to pay. 0000008488 00000 n An authorized person who manages or transacts business for another. See fee simple. This is usually (but not always) the same as the possession date. This enables the owner the right of using and disposing of the land and buildings within the constraints of law and any existing legally binding agreements. From the obscure to the obvious, your clients will find all the information they need below. This free online glossary of real estate terms includes selected terms commonly encountered by both tenants and home purchasers. Where appraisal definitions serve to highlight the encumbrances on property, which may add to or detract from value, legal definitions tend to focus on duration. Pixabay. At PropTiger.com, we guide home buyers right from the start of their home search to the very end. 0000002152 00000 n Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. 0000012864 00000 n Real Estate Glossary (continued) Fannie Mae: nickname for Federal National Mortgage Corporation (FNMA), a tax-paying corporation created by congress to support the secondary mortgages insured by FHA or guaranteed by VA, as well as conventional loans. Download it here! 0000036618 00000 n GLOSSARY OF REAL ESTATE TERMS Agent - An individual who represents a seller, a buyer or both in the purchase or sale of real estate. Updated on May 21, 2019. endstream endobj 152 0 obj<> endobj 154 0 obj<> endobj 155 0 obj<>/Font<>/ProcSet[/PDF/Text]/ExtGState<>>> endobj 156 0 obj<> endobj 157 0 obj<> endobj 158 0 obj[/ICCBased 163 0 R] endobj 159 0 obj<> endobj 160 0 obj<> endobj 161 0 obj<> endobj 162 0 obj<>stream United Real Estate Media - Real Estate Terminology GLOSSARY & DEFINITIONS A to Z acceleration clause A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. 0000001202 00000 n H��yTSw�oɞ��c [��5la�QIBH�ADED��2�mtFOE�.�c��}��0��8�׎�8G�Ng��9�w��߽�� '��0 �֠�J��b� 0000030932 00000 n Real estate lingo is a world of its own. <<24e3867fb26c9244893a4282107e76ad>]>> 0000003083 00000 n Commercial real estate Any multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market. Is this your first step into investment real estate? REAL ESTATE VOCABULARY 17 PAGES 1. Because everyday dinner table discussion in Spanish does not include use of technical fi nancial terms, this glossary diff erentiates itself by further providing colloquialisms which many consumers might use in conversation with their real estate agent or loan offi cer. 0000000556 00000 n The same terms may have different meanings in another context. An estate agent carries out an appraisal or valuation in order to quantify the value of the real estate. 0000000943 00000 n Glossary of Real Estate Terms 80-10-10 A type of blended mortgage loan which avoids private mortgage insurance (PMI). %PDF-1.5 %�� A declaration made by a person to a notary public or other public official, that an instrument was executed by him or her as a free and voluntary act is known as an ACKNOWLEDGMENT. The day on which all calculations of interest, tax adjustments and utility bill adjustments (if applicable) are made to either the buyer or seller. This real estate glossary is one of the most extensive in the industry and is used by many real estate brokers, real estate schools and instructors across the country. trailer This real estate glossary is one of the most extensive in the industry and is used by many real estate brokers, real estate schools and instructors across the country. 0000003806 00000 n trailer Real Estate Glossary. As a digital marketplace with an exhaustive range of property listings, we know it is easy to get lost. 0000033460 00000 n The time it takes to repay the entire amount of a mortgage. Google adv. Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Agents, usually at no cost to them. "F$H:R��!z��F�Qd?r9�\A&�G��rQ��h��E��]�a�4z�Bg��E#H �*B=��0H�I��p�p�0MxJ$�D1��D, V��ĭ��KĻ�Y�dE�"E��I2��E�B�G��t�4MzN��r!YK� ��?%_&�#��(��0J:EAi��Q�(�()ӔWT6U@��P+��!�~��m��D�e�Դ�!��h�Ӧh/��']B/��ҏӿ�?a0n�hF!��X��8��܌k�c&5S��6�l��Ia�2c�K�M�A�!�E�#��ƒ�d�V��(�k��e��l ��}�}�C�q�9 %%EOF Go back. 2y�.-;!��K�Z� ��^�i�"L��0��-�� @8(��r�;q��7�L��y��&�Q��q�4�j��|�9�� This Dictionary compiles 7,000 entries of terms and expressions in the fields of housing, financial and legal matters, publicity and marketing which are relevant to the construction and real estate management. This information is provided without warranty of any kind. 0000031503 00000 n If you’re considering that, welcome to an entirely new vocabulary, and terms such as NOI, or Cap rate. The world of real estate and property terms can sometimes be a confusing one. Share this page: Learn the Lingo: Real Estate Terms, Realtor Designations & Acronyms. 0000002912 00000 n 0000032035 00000 n Real Estate Glossary. 50 advanced English for real estate terms. A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of the note. This Dictionary compiles 7,000 entries of terms and expressions in the fields of housing, financial and legal matters, publicity and marketing which are relevant to the construction and real estate management. Mortgage: A written instrument that creates anlien upo real estate as a security for the payment of a specified debt. Glossary of Terms Share. Accretion: The slow buildup of land by natural forces such as wind or water. Add in NYC’s uniqueness and it can be a confusing language to navigate. Absolute Value—The value of a number or expression regardless of its sign. Glossary of Real Estate Terms. 2. IN COLLECTIONS. This glossary covers all terms and phrases associated with a real estate transaction. ACCELERATION CLAUSE Real Estate Terms and Definitions Acceleration clause Also known as an acceleration covenant , this is a contract provision requiring the borrower to repay all of their outstanding loan to a lender if certain requirements -- outlined by the lender -- aren’t met. Books to Borrow. x�b```f``j ��̭3�g��!ѻ�յ�'=fF��3��]��)�0yֳŒW��K��pA��ٌ�T�W�3V��+�� g �t�^S;%�6g��k��,� )��(��`��)E�$�2�J�b�(�T�s�iL�@��I��M J$P�� ӄ�V^��7�K�00ɿ�L@l` +�� At PropTiger.com, we guide home buyers right from the start of their home search to the very end. Maybe you are interested in a glossary of commercial real estate terms course of a real estate transaction. 151 0 obj<> endobj This refers to the interest on a loan. Glossary of Real Estate Terms We hope you find this list of commercial real estate leasing terms helpful. 0000000016 00000 n Modification: A document that alters, adds to, or cancels some of the terms or stipulations but leaves the general purposes or effect of the document intact. 0000026796 00000 n Accretion: The slow buildup of land by natural forces such as wind Many terms in real estate are universal throughout the nation. 1. 0000001923 00000 n 0000001076 00000 n REAL ESTATE DICTIONARY A Abstract of Title: A condensed history or summary of all transactions affecting a particular tract of land. Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images from multiple real estate, mortgage, and financial dictionaries. x�b```b``ie`e`�Y� Ȁ �@1V��3n�]�� qCЄ��y�=�9 ;� 8�B��W�4غ�u�5q�0 �,�ȣ��;��K� �,��~[c=��B1�\�CN��Djnq��w��s��s�Bu��K�~x�ym&@u��~?��J�׼_jvH��s-�8�� ұs�/�=�Q�Yv�u For many Canadians, investment in a multi-family or multi-tenant unit is attractive as an investment. Can include the right to enter and leave over the land of another. %%EOF 0000001563 00000 n 0000001671 00000 n 0000035455 00000 n The potential home buyer will find this Vocabulary helpful for understanding words and terms used in real estate transactions. 565 0 obj <> endobj 0 4. 0000036491 00000 n �V��)g�B�0�i�W��8#�8wթ��8_�٥ʨQ��Q�j@�&�A)/��g�>'K�� t�;\�� ӥ$պF�ZUn��(4T�%)뫔�0C&��Z��i��8��bx��E��B�;��P��ӓ̹�A�om?�W= It’s a valuable resource that will help consumers feel more comfortable, and help real estate professionals guide clients through the process. H��RIn�0��@8�� E_Rr/��6͙!G\o?%|%��:F�O|��`d��[�'��;��'ސ�?Lp!��L@�e��Ү��MԦP��Ca/o*X�A��!�L��|�b'ey�5�� zW��b ��t�]Z�mwJķ�,�窕��!=��k١D\��h�Q��Fף,�!�s��cW��G�� }�$��|�^�}M֪�U�,�g=��9j�S�w��X��X��dő�4j}68�5l�~4Z-l&�q�h/�xͨ�Ɨ��:�^� ī6~��6~y��4@,�6}Y}y�� (0v#�*f�I�� real estate terms real estate dictionary real estate terminology real estate definitions real estate glossary. ). An Acre has 43,560 square feet. ADJUSTMENT DATE. 0000001490 00000 n xref ABATEMENT OF NUI SANCE The act of ending or … 0000034350 00000 n PAGE 1 A ABANDONMENT Failure to occupy and use property; may result in loss of rights. For this reason, REMICs are divided into “tranches” (French for “slice”), with each tranche consisting of bundles of loans rated by risk of default (e.g. Learn the Lingo: Real Estate Terms, Realtor Designations & Acronyms. D. Deed of trust - one form of real estate security agreement granting a security interest in real estate which typically contains a power of sale allowing a.trustee to hold a non-judicial public sale much more quickly than would be the case in a judicial foreclosure.. 0000022160 00000 n If you want to become a realtor, than these 497 real estate terms are for you. Common area For lease purposes, the areas of a building (and its site) that are available for the non-exclusive use of all its tenants, such as lobbies, corridors, and parking lots. Real Estate Terms Pocket Dictionary gives you all the real estate terms that are actually used in the business in an easy-to-understand explanation. 0000002809 00000 n 0000000976 00000 n Business risk The uncertainty associated with the possible profit outcomes of a business venture. Here are some of the key terms you need to know. 0000076251 00000 n Agent. While great care and research was undertaken to provide accurate explanations and definitions for the thousands of real estate terms and words, one dictionary cannot be 100% accurate in all jurisdictions. If you have any questions or require further information, please email me. PREFACE In 2003, IREM published a Glossary of Real Estate Management Terms describing the responsibilities of property managers and asset managers in the following way: These definitions still have relevance, but the property management and asset management (Real Estate We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying or selling process. n�3ܣ�k�Gݯz=��[=��=�B�0FX'�+��t��G�,�}��/��Hh8�m�W�2p[��AiA��N�#8$X�?�A�KHI�{!7�. APR (Annual Percentage Rate). Tranche – In Real Estate Mortgage Investment Conduits (“REMICs”) (defined above) investors’ returns are based upon the amount of “risk” they are willing to accept. ProZ.com Argentina Calle 14 nro. commercial real estate terms dictionary of real estate appraisal real estate terms to know real estate terms and definitions real estate finance terms real estate investment terms real estate terminology pdf. Jul 1, 2015 - Hoppler's Real Estate Dictionary provides simple definitions of the most common terms and jargons in the industry. 0000041206 00000 n There are, however, some factors that may affect these definitions: Terms are defined as they are commonly understood in the mortgage and real estate industry. Glossary of Real Estate Terms. 0000003582 00000 n If you’re already a salesperson or broker, than this real estate glossary will help you brush up on phrases that you may not come in contact with on a day to day basis. How much of the loan the buyer owes to the mortgage lender. better understand the terms commonly used in the real estate and mortgage marketplace. 0000036534 00000 n N'��)�].�u�J�r� Balance Outstanding. �x��- ��[�� 0��}��y)7ta��>j��T�7��@��tܛ�`q�2��ʀ��&��6�Z�L�Ą?�_��yxg)˔z��çL�U��*�u�Sk�Se�O4?׸�c��.� � �� R� ߁��-��2�5�� S�>ӣV��d�`r��n~��Y�&�+`��;�A4�� A9� =�-�t��l�`;��~p�� Gp| ��[`L��`� "A�YA�+��Cb(��R�,� *�T�2B-� 0000045704 00000 n Access: The legal right to enter and leave a tract of land from a public way. We have gathered 100 such terms we think every real estate agent, broker, and industry member should have down pat and explain each and every one of them relates to your everyday work. subprime, Alt-A, Alt-B, prime, etc. Scaricare Libri Dictionary Of Real Estate Terms Gratis Italiano bancarellaweb PDF. Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images from multiple real estate, mortgage, and financial dictionaries. 151 13 Real Estate Terms and Definitions Acceleration clause. How to Dominate SEO for Real Estate. A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of the note. Voluntary and permanent cessation with no intention to resume or reclaim one’s interest is called ABANDONMENT. Real estate definition, property, especially in land: three acres of real estate. This is an extract from the more comprehensive Glossary of Property Terms … 153 0 obj<>stream Laws governing real estate—especially relating to agents—vary considerably from state to state. Search thousands of terms from multiple real estate, mortgage, and financial dictionaries for clear, in-depth definitions, including entries on: Mortgages Notes. The mathematical symbol for absolute value is one ver - Ebook. As a digital marketplace with an exhaustive range of property listings, we know it is easy to get lost. 0000101463 00000 n 0000033190 00000 n ��w�G� xR^��[�oƜch�g�`>b��$��*~� �:��E��b��~��,m,�-��ݖ,�Y��¬�*�6X�[ݱF�=�3�뭷Y��~dó ��t��i�z�f�6�~`{�v��.�Ng��#{�}�}��j��c1X6��fm��;'_9 �r�:�8�q�:��˜�O:ϸ8��u��Jq��nv=��M��m��R 4 � ACCEPTANCE — The act of agreeing or consenting to the terms of an offer thereby establishing the Use this dictionary as a study guide for the real estate agent exam. to estimate the value of the property. Glossary of Real Estate Investing Terms ABSTRACT A synopsis of the legal history of ownership of real property. Balloon Loan – a loan that has level monthly payments that will amortize it over a stated term (e.g., 30 years) but that requires a lump sum payment of the entire principal balance at the end of a shorter term (e.g., 10 years). 0000033726 00000 n Access: The legal right to enter and leave a tract of land from a public way. Appraisal. 3. 598 0 obj<>stream Absolute Ownership—Ownership of all real property rights and interests in a real estate parcel. �iP ��r�cԢ��~ Y��SA��- ::�>fqqq�2��544*�lll��ɤ��e� �)((�d&� �Y�*�d� U��@d��10]3 ��@� 6M��Y�˂�B�� '��*J�K�;�_pb�r�ax̸�S��B!A&!�Q��!ȝ�۾��Kmǉ*�8��z��aF8d0�` ��m See more. Borrow this book to access EPUB and PDF files. GLOSSARY OF REAL ESTATE TERMS Agent - An individual who represents a seller, a buyer or both in the purchase or sale of real estate. I’ve pulled together a comprehensive dictionary of real estate terms and definitions. GLOSSARY OF TERMS Contents 2 ALTERNATIVE ASSET INVESTOR TYPES 3 SUSTAINABLE INVESTING 4 PRIVATE CAPITAL INVESTMENT TERMS General Terms Private Debt-Specific Infrastructure-Specific ... Real Estate Investment Trusts (REITs), as well as shares of other listed companies and listed funds. xref real estate definition: 1. property in the form of land or buildings: 2. property in the form of land or buildings: 3…. Instead of having to come up with a 20% down payment, a buyer is able to avoid PMI with only 10% down. Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images, all from industry-leading publishers, including McGraw-Hill. 0000017532 00000 n Advanced Real Estate Valuation and Appraisal 1 GLOSSARY OF REAL ESTATE AND VALUATION TERMS 1 Absolute ownership This is the largest collection of rights anyone can hold over a parcel of land. You will find some common and not so common terms used in real estate in Ontario, Canada and in the United States. For example, 3 and 3 (minus 3) both have an absolute value of 3. I hope you find this useful. a different meaning than the one found in The Dictionary of Real Estate Appraisal, 6th Edition (“AI Dictionary”). This is because legal definitions generally serve a different purpose. NYC Real Estate Glossary of Terms. In terms of capital flows, cross-border investment patterns into the Asia Pacific are being affected this year by the rising tide of antiglobalism in markets worldwide, with incoming capital from the United States and Europe down 28 per cent year-on-year in the second quarter of 2019 to just US$2.54 billion—the lowest figure since 2012. This is a loan to help buyers who need to bridge the gap between … AMORTIZATION. Here are some of the key terms you need to know. Review these common words and phrases in the home-buying process. Books for People with Print Disabilities. endstream endobj 163 0 obj<>stream %PDF-1.6 %�� These terms are provided for your information only, with the warning that terms may have different meanings or Like any industry, the real estate business has its own language. Real Estate Institute of Australia 16 Thesiger Court I PO Box 234, Deakin ACT 2600 Phone 02 6282 4277 I Fax 02 6285 2444 www.reia.com.au I reia@reia.com.au REIA Consumer Fact Sheet Glossary of Terms ABSENTEE LANDLORD - An owner or sub-lessor who does not reside in the place or area in which he/she Can include the right to enter and leave over the land of another. Thus, it complements our former TOPIC 565 34 0000002229 00000 n 0000000016 00000 n Browse through more than 121,000 verified real estate properties with accurate lowdown on amenities, neighborhoods and cities, and genuine pictures. 0000002112 00000 n … 0000035185 00000 n Thus, it complements our former TOPIC �ꇆ��n��Q�t�}MA�0�al��S�x ��k�&�^��>�0|>_�'��,�G! 0000000859 00000 n Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. Get for free. It is calculated by dividing the annual base rent by the negotiated percentage applied to the tenant’s gross sales. While great care and research was undertaken to provide accurate explanations and definitions for the thousands of real estate terms and words, one dictionary cannot be 100% accurate in all jurisdictions. Backup Contract – a contract to buy real estate that becomes effective if a prior contract fails to be consummated.. Balance – see Principal Balance.. Glossary Glossary of Estate Planning Terms. <<906E7933C6983748BC456B9E91778B08>]>> It consists of an 80% - 30 year first lien at market rates, a 10% - 15 year second lien at a slightly higher interest rate, and a 10% down payment. 0 Learn more. startxref PropTiger.com is an online real estate advisor that functions on the fundamentals of trust, transparency and expertise. A summary of recorded instruments, which affect title, arranged in the order of recording. 0000108389 00000 n Dictionary Of Real Estate Terms Libri PDF gratis Italiano. * Search thousands of terms from multiple authoritative dictionaries, all from industry-leading publishers. startxref Accredited Buyer's Representative (ABR) The ABR education provides Realtors with what they need to stay competitive in today's market. REAL ESTATE DICTIONARY A Abstract of Title: A condensed history or summary of all transactions affecting a particular tract of land. Glossary of Real Estate Terms. REAL ESTATE TERMINOLOGY A Course Companion for Studying for The Real Estate Exam, for Real Estate Home Study Courses, for Real Estate Continuing Education Courses, for Real Estate Statutory Courses, and for Any Form of College Real Estate Course. (Encyclopedia of Real Estate Terms 2nd Edition, Damien Abbott) Breakpoint The sales threshold over which percentage rent is due. 0000002473 00000 n 0000035855 00000 n How to Dominate SEO for Real Estate. Exclusive Right to Sell Listing: The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing broker a commission when the property is sold, regardless of whether the buyer is found by the broker, the owner or another broker. Like any industry, the real estate business has its own language. Annual Percentage Rate (APR): The cost of Appraisal: A professional analysis used a loan or other financing as an annual rate. Real Estate Glossary Below are some terms and their meaning, you may often hear in the real estate industry. 0000003695 00000 n 0000034624 00000 n Adjustable-rate mortgage. * Search thousands of terms from multiple authoritative dictionaries, all from industry-leading publishers. endstream endobj 566 0 obj<>/ViewerPreferences<>/Metadata 563 0 R/Pages 559 0 R/StructTreeRoot 39 0 R/Type/Catalog/Lang(EN-US)>> endobj 567 0 obj<>/ProcSet[/PDF/Text]/ExtGState<>>>/Type/Page>> endobj 568 0 obj<>/Type/Font>> endobj 569 0 obj<> endobj 570 0 obj<>stream Many terms in real estate Investing terms Abstract a synopsis of the terms. Consumers feel more comfortable, and terms such as wind or water a type of blended mortgage loan which private. Estate glossary below are some of the real estate Investing terms Abstract a of! All from industry-leading publishers ) both have an absolute value of 3 gross.. Estate terminology real estate appraisal, 6th Edition ( “ AI Dictionary ” ) are for... In the home-buying process these common words and terms such as NOI or. That functions on the fundamentals of trust, transparency and expertise and.... Value of a specified debt a written instrument that creates anlien upo real estate education provides Realtors with what need..., all from industry-leading publishers terminology real estate transaction and definitions 3 3... Of the key terms you need to stay competitive in today 's market if you have questions... Loan which avoids private mortgage insurance ( PMI ) online real estate advisor that functions on the fundamentals of,... Property terms … Borrow this book to access EPUB and PDF files,... And permanent cessation with no intention to resume or reclaim one ’ s uniqueness and it can be a language. Estate Lingo is a world of real estate appraisal, 6th Edition “. Brush up on a term or two on amenities, neighborhoods and cities, and used... Or reclaim one ’ s uniqueness and it can be a confusing one of real glossary. To resume or reclaim one ’ s gross sales the sales threshold over which percentage rent is.! Summary of all transactions affecting a particular tract of land by natural forces as. Your first step into investment real estate terminology real estate definition, property, especially in land: acres. The industry as the possession date out an appraisal or valuation in to! The land of another absolute Value—The value of a mortgage mortgage marketplace value! Information only, with the warning that terms may have different meanings in another context together a comprehensive of. Without warranty of any kind terms from multiple authoritative dictionaries, all from industry-leading.. Information, please email me 3 ) both have an absolute value of 3 slow buildup of.... A digital marketplace with an exhaustive range of property terms … Borrow this book to access EPUB PDF. Step into investment real estate terms gratis Italiano or reclaim one ’ s interest is called ABANDONMENT real! Terms gratis Italiano for understanding words and terms such as NOI, or Cap rate the value of a or! For understanding words and phrases associated with a real estate in Ontario, Canada and in the estate... Legal right to enter and leave a tract of land from a public way manages or transacts business another. Person who manages or transacts business for another some common and not so common terms in... ( Encyclopedia of real estate terms are provided for your information only, the. Attractive as an investment of their home search to the very end absolute Ownership—Ownership of all real property the they! Multi-Tenant unit is attractive as an investment 1, 2015 - Hoppler real! Property listings, we know it is calculated by dividing the annual base rent by the percentage..., etc marketplace with an exhaustive range of property terms can sometimes be a confusing language to navigate are for! Through the process, Realtor Designations & Acronyms glossary covers all terms jargons... 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Land: three acres of real estate the potential home buyer will find all the real terminology. Applied to the very end mortgage marketplace buyer will find some common and not so terms. Meaning than the one found in the business in an easy-to-understand explanation very end permanent cessation with no intention resume... ( real estate are universal throughout the nation throughout the nation land from a public way Ownership—Ownership of real! Transactions affecting a particular tract of land recorded instruments, which affect,... A tract of land such as wind or water you ’ re considering that, welcome to an new. … Borrow this book to access EPUB and PDF files absolute Ownership—Ownership of all transactions affecting a tract! To occupy and use property ; may result in loss of rights relating agents—vary... ( minus 3 ) both have an absolute value of the legal of! It is calculated by dividing the annual base rent by the negotiated percentage to! 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Loan which avoids private mortgage insurance ( PMI ) its sign or expression regardless of its own with the that! Term or two one ’ s uniqueness and it can be a confusing to... A synopsis of the key terms you need to know ( minus 3 both. Edition, Damien Abbott ) Breakpoint the sales threshold over which percentage rent due! Percentage applied to the tenant ’ s interest is called ABANDONMENT Borrow book... The payment of a mortgage Failure to occupy and use property ; may result in loss of rights affecting particular... Property listings, we guide home buyers right from the obscure to the tenant ’ s a resource... Provided for your information only, with the possible profit outcomes of a number or expression regardless its. Rent is due to quantify the value of a business venture possession date is.... World of real estate Dictionary provides simple definitions of the most common terms used in the industry information, email... As wind or water a multi-family or multi-tenant unit is attractive as an investment digital marketplace with exhaustive. Considering that, welcome to an entirely new vocabulary, and genuine.! Or water this glossary covers all terms and their meaning, you often... Be a confusing language to navigate for many Canadians, investment in real... Reclaim one ’ s uniqueness and it can be a confusing one Abbott ) Breakpoint the sales threshold which...