EGRESS The right to a path or right-of-way over that a person may leave or go away from his own real estate. The term real estate means real or physical property.

Death Pledges Viking Attacks And Daughter Auctions The Origin Of Real Estate Terms

EJECTMENT 1 Eviction or dispossession.

Latin real estate terms. Here are 497 terms and definitions to use as a study guide for the real estate agent exam. A history of ownership that establishes the present state of a title. To that party you only owe honesty and fairness.

Deeds for real estate and titles for cars and boats are examples of titles. Prior contract aimed at concluding another contract known as the parent or principal contract. Real estate lease arbitration.

The Latin root is res which is generally translated as things. Real estate is the property land buildings air rights above the land and underground rights below the land. Find law terms and legal definitions related to real estate.

In real estate a term used meaning a person the agent is NOT under contract with is called a CUSTOMER. If youre getting into real estate than these real estate terms are for you. EASEMENT A right held by a person to enjoy or make limited use of anothers real property.

Ad valorem A Latin phrase meaning according to value that is usually used in reference to real estate taxation. The meanings behind five of our commonly used real estate terms might surprise you. More Latin words for real estate.

In contrast personal property such as tools or clothing is not fixed to the land. The land and property industry has its own language. Agreement to not yield Anti-assignment clause pactum de non petendo in anticipando agreement to not sue.

You will find some common and not so common terms used in real estate in Ontario Canada and in the United States. A written agreement by which the purchaser agrees to buy certain real estate and the seller agrees to sell on the terms and conditions set forth in the agreement. Many words idioms and phrases are based on the law while others are more common words that have a certain meaning when used in relation to land and property records either current or historicalUnderstanding this special terminology is essential for correctly interpreting the meaning and purpose of any individual land transaction.

Pactum de non cedendo. It has become a proverb in English. Real Estate Terms and Definitions Acceleration clause.

Generally caveat emptor is the contract law principle that controls the sale of real property after the date of closing but may also apply to sales of other goods. Glossary of Real Estate Terms. Real comes from the Latin root res or things.

Real Estate Glossary of Terms and Definitions. In real estate terms this is a tax levied on profit from the sale of an investment property not the. Find law terms and legal definitions related to real estate.

I hope you find this useful. Maybe you are interested in a glossary of commercial real estate terms. One of the first real estate terms youre likely to encounter is what real estate agents frequently refer to homes for sale as listings A listing on a website shows information about the home such as the price and number of bedrooms.

An examination of public records to determine the state of a title and confirm that the seller of a property is its legal owner. The real in real estate AmE or real property BrE is archaic meaning of actual or physical things. If youre already a salesperson or broker than this real estate glossary will help you brush up on phrases that.

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 -- arent met. The notice also indicates actions that are needed to address the violation and notifies them of the consequences in case they fail to take corrective measures. Another word for Opposite of Meaning of Rhymes with Sentences with Find word forms Translate from English Translate to English Words With Friends Scrabble Crossword Codeword Words starting with Words ending with Words.

The Ultimate Real Estate Glossary. Real estate is physical property land and things fixed to the land such as buildings. Appraisal An estimate or opinion of value of a specific property as of a specific date resulting from an analysis of the facts about that property by a qualified impartial third party.

Caveat emptor ˈ ɛ m p t ɔːr. It is a legal notice served on the owner or occupiertenant of a property to inform them of the violation of local laws pertaining to maintenance of the property. Latin for buyer beware.

A written instrument that when executed and delivered conveys title to an interest in real estate is a DEED. 2 A law suit to regain possession of real estate held by another. Air Lot A desingated airspace over a piece of land.

497 Real Estate Terms. From caveat may he beware a subjunctive form of cavere to beware emptor buyer is Latin for Let the buyer beware. Etymologists believe that real either comes from the Latin root res meaning things.

A written instrument that when executed passes title to personal. In a property transaction the purchaser carries the risk. Includes binders in real estate sales such as a purchase offer or an option to sell.

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