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. We have created a glossary of the most commonly used real estate terms and their definitions in order.
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. ACCEPTANCE – The act of agreeing or consenting to the terms of an offer thereby establishing the
Glossary of Real Estate Terms Abatement Often referred to as free rent or early occupancy and may occur outside or in addition to the primary term of the lease. Above building standard upgraded finishes and specialized designs necessary to accommodate a tenant’s requirements. Absorption rate The rate at which rentable space is filled.
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Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you. A Abstract of title [skip to next word] A written history of all the transactions related to the title for a specific tract of land.
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GLOSSARY OF . REAL ESTATE & FINANCIAL TERMS . As a resource for conference attendees, NIC has compiled this glossary of frequently used real estate and financial terms in the Seniors Housing and Skilled Nursing Industry. If there are terms/acronyms you recommend be added, please email . email@example.com.
Whether you are thinking about buying or selling a home, the Glossary of Real Esate Terms can provide you with an understanding of a number of common words and terms used in a typical real estate transaction. A few notes about the Glossary of Real Estate Terms: Terms are defined as they are commonly used in the mortgage and real estate industry.
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