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Property and Real Estate Glossary


access

accessory building

adjustments

advance fee

agency

agricultural property

air rights

alcove studio

amenity

amortization

arch

assessed value

atrium

auction

authorization to sell

balcony

balloon mortgage

balloon payment

balustrade

bill of sale

biweekly mortgage

bottomland

bracket

bungalow

capital improvement

ceiling rate

chattel

closing

commission

community property

comparables

condominium

contract

conversion

convertible

cooperative

cornice

corrective work

credit

deed

deed of trust

down payment

duplex

duplex apartment

estate

estate tax

facade

face lift

first lien

fixture

flat

floor plan

floor-thru

for rent by owner

for sale by owner

foreshore

front foot

full service building

full-price offer

gift

grantee

Greenbelt

half bath

hereditament

historic district

home rule 

hybrid mortgage

income property

independent contractor

infrastructure

inspection

interest

investment

investment

investment property

kiosk

landscape

landscape architect

lease

leasehold estate

legal description

lender

lessee

lessor

lien

listed property

listing agreement

listing broker

local tax

loft studio

mansard roof

market rent

market value

market value

mineral rights

mortgage

mortgage banker

mortgage broker

mortgage insurance

mortgage lien

mortgage life insurance

mortgage loan

mortgage revenue bonds

murphy bed

natural vacancy rate

occupancy

open house

open kitchen

original asset

penthouse

personal property

powder room

primary residence

property line

property report

property tax

property value

quadraplex

qualifying ratios

real estate

real estate agent

real estate investor

real estate professional

real property

realtor

reno

repayment plan

resale value

room count

second home (weekend home, vacation home)

second mortgage

secondary market

secondary mortgage market

spanish villa

stucco

studio

tangible personal property

tax map

terrace

title

title company

title insurance

triplex

trust agreement

underwriting

vacation home

villa

warrant

warranty

warranty insurance


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