ISBN 978-0-9668946-4-6
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finance words explained,
accounting, appraisal
banking, construction,
option, surveying,
land economics, leasing,
foreclosure, securitization,
mortgage terms, valuation …

ISBN: 978-0-9668946-1-5
Order online £28.00/US$47.00




ISBN: 978-0-9668946-2-2






legal terms explained,
agency, arbitration,
brokerage, contract,
landlord & tenant, guaranty,
fixture, insurance,
equity & trusts, tort,
town planning, zoning …

This is a selection from the 10,000 terms defined and explained in the
Encyclopedia of Real Estate Terms (Third Edition) and ONLINE
(click on any one to see the complete definition with references)

démembrements de la propriété^(F)
abandonment
bargain
commission
cost approach
easement
estoppel
fixture
good repair
letter of intent
licence by estoppel^(Eng)
money
mortgage-backed security (MBS)
multiple listing service (MLS)^(US)
multiple listing^(US)
noscitur a sociis^(Lat)
police power
possibility of reverter
quiet enjoyment
real covenant^(US)
rent
spot zoning
title insurance;   title insurance policy
Torrens title system
unvalued policy
usufruit^(F)
value
voluntary waste
wraparound mortgage^(US)
zone^(F)

The following is a further list of terms (less than 10 per cent of the 10,000 terms) that are defined and explained in the Encyclopedia:
(suffixes such as ^{(US) (Eng) (F)} indicate the country of primary, but not necessarily exclusive, use)

A | B | C | D | E | F | G | H | I-K | L | M | N | O | P | Q | R | S | T | U | V-Z

A

a fortiori^(Lat),    a posteriori^(Lat),    à prendre,    a priori^(Lat),    AAA rating,    ab extra^(Lat),    ab initio^(Lat),    ab intestato^(Lat),    abandonment,    abatement,    able ready and willing,    ablotissement^(F),    abode,    abonnement^(F),    aboriginal title,    abrogation,    absentee landlord or absentee owner,    absolute assignment,    absolute net lease^(US),    absolute title,    absque impetitione vasti^(Lat),    abstract,    abstraction approach^(AmE),    accelerated depreciation,    accessio cedit principali^(Lat),    accommodation density,    accroissement^(F),    accumulative rate,    acquiring authority^(Eng),    act of God,    action ex contractu,    actual age,    actual rate,    ad idem^(Lat),    additional premium,    adjudication,    adjusted market price,    administration of an estate,    advance obligation,    adverse use or adverse user^(US),    affected valuation basis^(Aus/NZ),    afforestation,    agency by necessity,    agent of necessity,    agreement,    agricultural building allowance^(Eng),    agricultural tenancy,    aisement,    alimentary trust,    all-risks rate (ARR) or all-risks yield (ARY),    allonge,    alternative accommodation^(Eng),    amenity societies^(Eng),    amortize^(AmE),    anchor lease,    ancient window,    annex,    annual loan constant,    annuity method,    anti-deficiency legislation^(US),    appel d'offre^(F),    appraisal fee schedule^(AmE),    appreciation,    appurtenant,    arbitrator,    area,    arles,    arrogation,    as soon as possible,    assessment appeal board^(US),    asset value,    assisted area^(BrE),    assumption clause^(US),    at par,    attest,    auction,    authority,    avarie^(F),    avigation easement^(US),    away-going crop

B

back-to-back loan,    bail á ferme^(F),    bailment lease^(US),    bankruptcy,    bargain,    base estate,    base year^(US),    batture,    before-tax cash flow,    beneficial occupation^(Eng),    bequest or bequeath,    bid bond,    bi-level house^(AmE),    bimensuel^(F),    blight notice^(Eng),    blue chip,    boc-land or bock-land^(Eng),    bond for deed^(US),    book value,    bound,    breach of condition,    break point,    brochure,    brokers protected^(AmE),    builder,    building code,    building inspector,    building operations^(Eng),    building society,    bulk sale^(US),    burgage tenure^(Eng),    business premises,    buyback agreement,    bylaw or by-law

C

caeteris paribus^(Lat),    call option,    cancellation clause,    capital appreciation,    capital loan,    capitalisation^(BrE) or capitalization^(AmE),    capitalization table^(AmE),    caravan site,    carriageway^(BrE),    carried interest,    carryback financing^(US),    carrying charge or carrying cost,    carrying rental^(US),    carry-over clause^(US),    cartway,    carve out^(US),    cas fortuit^(F),    cash-flow rate of return^(US),    cash value,    causa proxima et non remota spectatur^(Lat),    caveatable interest(Aus/NZ),    central core,    certificate,    certificate of compliance^(US),    certificate of no defenses^(US),    certificate of reduction^(US),    certified check^(AmE) or certified cheque^(BrE),    cessionnaire^(F),    Chancery,    charges locatives^(F),    chattel mortgage,    Chinese auction,    circulation space,    claim of ownership^(US),    clear day,    cloison^(F),    closing costs or closing charges^(US),    coal,    co-heir,    collateral assurance^(US),    collateralized debt obligation (CDO),    combination loan or combination mortgage,    commercial,    commissaire-priseur^(F),    commitment letter,    common chase,    common-law dedication,    common of pasture,    common scheme of development^(US),    commons,    community property,    comparable property,    compensation for disturbance^(Eng),    completion costs^(BrE),    composite insurance,    comprehensive plan^(US),    compulsory resumption^(Aus),    concierge,    condemnation proceedings^(US),    conditional contract,    conditional sale contract^(US),    condominium declaration^(US),    conforming use,    consentement^(F),    consolidated metropolitan statistical area (CMSA)^(US),    consolidation loan^(US),    constant annual percent^(US),    constant-payment mortgage,    constant prepayment rate (CPR),    constant-rent factor^(BrE),    construction permit,    constructive eviction,    consummate,    contingent business interruption insurance,    contingent sale contract,    continuous occupation,    contract for deed^(US),    contract of tenancy,    contractor's basis or contractor's method^(BrE),    contrepartie^(F),    convenience shopping center^(AmE),    convertible-rate mortgage,    cooperating broker^(US),    coppice or copse,    corporation mortgage bond,    corridor valuation^(US),    cost of replacement method,    cottage,    counterpart,    court,    covenant against grantor's acts^(US),    covenant of further assistance,    covenantee,    cratered property,    credit default swap (CDS),    criterion rate of return,    cross-use agreement^(US),    cul-de-sac,    current ratio,    customary freehold^(Eng)

D

damnum absque injuria^(Lat),    date of acquisition,    De Donis Conditionalibus,    dead pledge,    debt,    debtor,    declaration of no defenses^(US),    deducing title^(Eng),    deed of enlargement,    deed of restriction^(US),    deep discount bond,    defeasible,    defects liability period,    deferred liability,    deforcement,    delegatus non potest delegare^(Lat),    demand note,    denial of title,    department store,    depositum(Civ),    depth factor^(US),    derivative possession,    designated area^(Eng),    détail^(F),    determination,    development appraisal,    development loan,    développement^(F),    différer^(F),    DINK^(US),    disclaimer,    discount,    discounting,    disponer^(Scot),    disrepair,    distressed sale,    ditch,    divot^(Scot),    doctrine of notice,    documentary transfer tax^(US),    dominant premises^(US),    donor,    double decking^(US),    down payment,    drainage ditch,    droit de préemption^(F),    dry closing^(US),    due diligence,    during

E

earnest money,    easement by implied reservation,    easement of eavesdrop or easement of eaves-dropping,    échelle^(F),    édifice^(F),    effective possession^(US),    efficiency frontier^(Aus),    elective share^(US),    empiétement^(F),    enclavé^(F),    endossement^(F),    engineering operations or engineering works,    enquête d'urbanisme^(F),    enterprise zone^(BrE) or enterprize zone^((AmE) (EZ),    entrepreneur,    Environment Agency^(Eng),    eo instanti^(Lat),    equitable assignment,    equitable lease,    equitable title,    equity-conversion mortgage,    equity skimming^((AmE),    equivalent yield^(BrE),    escape from land,    escrowee,    estate at sufferance^(US),    estate for years^((AmE),    estate in fee tail^(US),    estate management,    estate tax^(US),    estoppel by lease^(US),    établissement^(F),    every quarter,    ex gratia payment,    examiner of titles,    exchange of contract^(Eng),    exclusive clause^(AmE),    exculpatory clause^(US),    executor's deed,    exempli gratia (e.g.)^(Lat),    expectancy^(US),    expert witness,    express authority,    expropriation^(F),    external valuer^(BrE),    extraordinary repair^(Scot)

F

face rate,    factoring process^(US),    fair consideration,    falsa demonstratio non nocet cum de corpore constat^(Lat),    farmstead^((AmE),    Federal Intermediate Credit Bank^(US),    fee insurance^(US),    fee tail,    feoff^(Eng),    fetter,    fictitious document^(US),    fief^(F),    filum aquæ^(Lat),    finance procuration fee,    finder,    firm commitment,    fiscal year,    five unities,    fixed period tenancy,    fixture,    flat ownership,    flexible-rate mortgage,    floating zone^(US),    floor space index (FSI)^(BrE),    foncier (f. -ère)^(F),    for sale by owner (FSBO)^((AmE),    foreclosure,    foreign investor,    forfeiture,    fortuitous event,    fraction of a section^(US),    franchise,    fraudulent preference,    freehold covenant,    front-ending,    fruits^(F),    full-payout lease^(US),    fully amortizing mortgage^((AmE),    funding date,    future depreciation

G

gain^(F),    garden,    gas filling station^((AmE),    general building scheme^(US),    general estate^(US),    general partnership,    general warranty deed^(US),    gestion d'affaires^(F),    gift with reservation,    going value,    good-faith money,    goodwill,    graded lease,    grandfathered^(US),    granting clause^(US),    grazing right,    grey property^(Eng),    gross earnings,    gross living area (GLA),    gross sale price,    ground storey^(BrE) or ground story^(AmE),    guarantor

H

habitable repair,    half year,    hangout^(AmE),    hazardous waste,    health and safety regulations^(Eng),    heirs,    héritage^(F),    highest and best use,    historic cost,    hold-harmless clause^(US),    holding period,    home occupation^(US),    homologation,    Hoskold coefficient or Hoskold factor^(US),    household density,    housing estate^(BrE),    hybrid trust^(US)

I-K

ibid or ibidem^(Lat),    immemorial,    imperfect legal mortgage^(Eng),    implied contract,    implied reciprocal servitude^(US),    imprévision^(F),    improvement line^(Eng),    in alieno solo^(Lat),    in pari causa possessor potior haberi debet^(Lat),    incentive zoning^(US),    inclosure,    incomplete trust,    indefeasible,    indented deed,    index of recorded titles or index of registered titles,    indisponible^(F),    industrial park^(AmE),    Infrastructure Planning Commission (IPC)^(BrE),    inhibition^(Eng),    inn,    insolvency or insolvent,    installment sales contract^(US),    insurance certificate,    insurer,    interesse termini^(Lat),    interest rate cap,    interference with goods,    interlocutory decree^(US),    internal,    intestat^(F),    inventory,    investment bank,    investment value,    involuntary lien,    isoval,    joint adventure,    joint mortgage,    joint wall,    judicial precedent,    jus accrescendi^(Lat),    just compensation^(US),    key tenant

L

Lady day,    land certificate,    land improvement,    land reclamation,    land shark^(Aus),    land trust^(US),    landlord,    landowner or land owner,    latent damage,    lay-land,    lease extension,    lease-purchase,    leasehold financing,    lease-holder's interest^(US),    legal description^(US),    legal notice,    legatee,    lettable area,    levant et couchant^(Eng),    leveraged refinancing^(US),    lex terrae^(Lat),    licence to assign,    lien theory^(US),    liferent^(Scot),    limitation,    limited owner,    line of junction notice^(Eng),    liquidity,    listing agent or listing broker^(AmE),    littoral proprietor^(US),    loan closer^(US),    loan servicer,    local improvement district^(US),    locataire^(F),    lock-out protection,    logeur^(F),    lord of the manor,    lost modern grant,    louage^(F),    loyer^(F)

M

mail^(F),    maintien dans les lieux^(F),    man-land ratio^(US),    mandataire^(F),    mansion house,    margin,    marked line^(US),    market rental value,    mass appraisal^(AmE),    material change in the use^(Eng),    measured contract,    meliorating waste,    mere equity^(Eng),    mesne mortgage,    métreur-vérificateur^(F),    mill,    mining claim,    misdescription,    mitoyenneté^(F),    mock auction,    modified internal rate of return,    month-to-month tenancy^(AmE) or monthly tenancy^(BrE),    mortgage banker,    mortgage constant,    mortgage guarantee insurance,    mortgage lien^(US),    mortgage placement fee,    mortgage trust^(US),    mortmain,    mowing licence^(Eng),    multiplier,    mutual consent,    mutual trust^(AmE)

N

nantissement^(F),    Natural England,    negative cash flow,    negligence,    nemo contra factum suum [proprium] venite potest^(Lat),    net capital,    net floor area,    net-net lease^(US),    net realisable value^(BrE) or net realizable value^(AmE),    net spendable income,    new tenancy^(Eng),    nominal^(F),    nominal yield,    non-conforming use or non-conforming user,    non-judicial foreclosure^(US),    non-use,    notary or notary public,    notice of claim^(Eng),    notice to vacate^(AmE),    nude contract,    nursery finance

O

obligatory advance clause^(US),    occupancy cost ratio,    occupational lease,    off-plan,    offering sheet,    official search certificate^(Eng),    olographic will,    one transaction rule^(US),    open-end commitment,    open listing^(AmE),    open space zoning^(US),    operational land^(Eng),    option listing^(US),    opus citatum^(Lat),    ordinary repair,    origination fee,    outland^(Eng),    over-and-above money^(US),    overbuild,    overreaching^(Eng),    owner-occupier^(BrE) or owner-occupant^(AmE)

P

package insurance policy,    pais,    paravail,    parish,    part owner,    partial payment factor^(US),    partially disclosed principal^(US),    particular agency,    partition,    party structure notice^(Eng),    passing yield,    pasturage,    pavement light^(Eng),    payment-capped adjustable-rate mortgage,    pedestrian precinct,    pending action,    per centum^(Lat),    per year,    performance,    permanent leasehold^(US),    permit,    perquisitor^(Eng),    personal representative,    physical life,    piggyback loan^(US),    placement fee,    plan de sauvegarde^(F),    planning agreement^(Eng),    planning consent^(Eng),    planning purpose^(Eng),    plat of subdivision^(US),    ploughbote,    pond,    portfolio management,    positive spread investment (PSI),    possessory interest,    potential gross income (PGI)^(US),    power of appointment,    prairie value,    preceding estate,    pre-emptor,    preliminaries^(BrE),    prepared to purchase,    prescriptive easement^(Aus/US),    preservation area^(Eng),    preventive injunction or preventative injunction,    primary easement^(US),    prime lease,    principal home^(Eng),    prior charge or prior mortgage,    private mortgage insurance (PMI)^(US),    privileged will^(Eng),    pro tanto^(Lat),    produits^(F),    profit appendant^(Eng),    progress certificate^(Aus/US),    project sale-and-leaseback,    promoter,    Property Information Form^(Eng),    property residual technique^(AmE),    proprietary interest,    prospect,    protective trust,    public dedication,    public lands survey system (PLSS)^(US),    public recorder's office^(US),    public utility,    punitive damages,    purchase money mortgage (PMM)^(US),    purchaser without notice

Q

quadrangle,    qualified interest,    quantity survey,    quarter section,    quasi-possession,    Quia Emptores,    Quistclose trust^(Eng),    quod meum est sine me auferri non potest^(Lat)

R

radius clause or radius restriction clause,    rate,    ratification,    ratione tenuræ suæ^(Lat),    real contract^(Civ),    real estate corporation^(AmE),    real estate owned (REO)^(US),    real right,    reappraisal,    reasonably beneficial use^(Eng),    receipt,    reciprocal negative easement^(US),    reconduction^(F),    recording,    rectification^(F),    redemption date,    reditus assisus^(Lat),    réévaluation^(F),    regional plan^(Eng),    registered disposition^(Eng),    registrable disposition^(Eng),    règlement du lotissement^(F),    réhabilitation^(F),    réintégration^(F),    releasee,    relocation^(F),    remeasurement contract,    remplacement^(F),    renonciation^(F),    rent book^(Eng),    rent holdback^(US),    rent registration^(Eng),    rent tribunal^(Eng),    rental annuity,    rental shortfall,    rents insurance^(US),    replacement cost or replacement value,    reprobate,    res^(Lat),    res periit domino or res perit suo domino^(Lat),    reserve,    residence,    residual commission,    résolution^(F),    restitutio in integrum^(Lat),    restricted tenancy^(Eng),    retail area^(BrE),    retained percentage^(US),    retrait^(F),    revaluation lease,    reverse mortgage,    reversionary lease,    révocation^(F),    right in rem,    right of light^(BrE) or right to light^(AmE),    right of re-entry,    right to air,    rights of occupation^(Eng),    river,    rollover mortgage (ROM),    royalty,    rule in Bain v Fothergill^(Eng),    rule of capture^(US),    running yield

S

sale-and-leaseback,    sales comparison approach^(AmE),    satellite tenant^(US),    scale,    scheduled gross,    Scope of Work^(AmE),    sealing fee^(Eng),    secondary liability,    secure tenancy^(Eng),    security deposit,    seizure,    seller,    separate estate,    service core,    service tenant^(Eng),    servient premises^(US),    set,    settlement purchase^(Aus),    several tenancy,    share,    shell lease,    shopping mall,    side-by-side lease,    simple contract,    sinking fund accumulation factor^(US),    site of special scientific interest (SSSI)^(Eng),    sky sign,    slump,    société de construction^(F),    soke^(Eng),    sole selling right^(BrE),    sous réserve de^(F),    special assessment^(US),    special entail,    special permit^(US),    special servicing,    specialty contract,    specific performance,    spes successionis^(Lat),    spot zoning,    staff appraiser^(US),    standard depth^(Eng),    standing loan or standing mortgage,    station^(AmE/Aus/NZ),    statutory assignment,    statutory land use plan^(Eng),    statutory tenancy^(Eng),    step-up clause^(US),    stipulation^(F),    straight-line depreciation,    strata plan^(Aus),    strip center^(AmE),    structured finance,    subdivision plat^(US),    subject to survey,    subsequent condition,    substantive lessor entity (SLE)^(US),    succession,    sufferance,    Summary Appraisal Report^(US),    Superfund^(US),    supplementary deed,    surety bond,    surrogate,    sweetheart lease

T

T & I custodial account,    tail,    take-down search^(US),    taking^(US),    tax abatement,    tax foreclosure^(US),    tax sale^(US),    technical mortgage^(US),    tenancy agreement,    tenancy by the entirety,    tenancy from week to week^(US),    tenancy upon special limitation^(US),    tenant for years,    tenant in paravail or tenant paravail^(Eng),    tenant right,    tender,    tenure^(F),    term of years absolute^(Eng),    terminus^(Lat),    terrier,    the legal^(US),    thrift association or thrift institution^(US),    timber,    time-share,    title by adverse possession,    title covenants,    title opinion^(US),    titre putatif^(F),    top-slice income,    tort-feasor or tortfeasor,    town planning,    trade cycle,    tranche^(F),    transfert^(F),    tree,    trigger,    true interest rate,    trust company^(US),    trust power,    turbary^(Eng),    twin tracking^(Eng)

U

umbrella insurance,    under insurance,    under-tenant or under tenant,    undue influence,    Uniform Building Code^(US),    uninsurable title^(US),    unit ownership,    unity of seisin,    unmarketable title^(US),    until,    upside leverage^(US),    urban region,    usance,    use variance^(US),    usucapio^(Civ),    usus fructus^(Lat)

V-Z

vacancy allowance ratio,    vacation property,    valuable improvement,    valuation tribunals^(Eng),    value received,    variation order (VO) or variation instruction^(BrE),    vendor's lien,    verbal contract,    vested-in-possession,    vesture of land,    vice^(F),    villeinage^(Eng),    vitrine^(F),    voluntary deed^(US),    vue et jour^(F),    wall,    warranty,    watercourse or water course,    weekly tenant,    white rent,    windfall,    without reserve,    words of inheritance,    workshop,    writ of certiorari,    writ of waste,    year,    yield gap,    zonage^(F),    zoning classification^(US)

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