501 Real Estate Terms to Learn
Browse all terms alphabetically or search for specific terms.
Abandonment
Abandonment in real estate refers to the voluntary relinquishment of property rights, interests, or claims without transferring them to another party. Here's a...
Abstract of title
An abstract of title is a condensed history of all the legal documents and proceedings related to a specific property. It serves as a historical record that tra...
Abutting
In real estate, "abutting" refers to properties that share a common boundary or border. When two properties abut each other, they are directly adjacent with the...
Accelerated depreciation
Accelerated depreciation is a tax strategy that allows real estate investors to deduct the cost of property at a faster rate than standard straight-line depreci...
Acceleration clause
The "acceleration" is in the payment schedule, as it makes the full amount due at once rather than over the original term. The most common trigger for an accel...
Accession
Accession in real estate refers to when property becomes permanently attached to land or an existing structure, legally becoming part of that real property. Th...
Fair Housing Act of 1968
In the tumultuous landscape of American history, the Fair Housing Act of 1968 stands as a landmark legislation aimed at eradicating discrimination in the housi...
Federal Home Loan Mortgage Corporation (FHLMC)
...
Federal Housing Administration (FHA)
...
Federal income tax
...
Federal National Mortgage Association (FNMA)
...
Fee-simple estate
...
Package mortgage
...
Parcel
It is a distinct unit of property that can be bought, sold, or developed. It is a singular, identifiable piece of land with its own unique characteristics and ...
Parol evidence rule
...
Partial eviction
Unlike a complete eviction, where the tenant loses access to the entire premises, a partial eviction allows the tenant to continue occupying part of the propert...
Participation financing
...
Partition
...
Range
...
Ready, willing, and able buyer
...
Real estate
The term "real estate" in the context of real estate itself refers to property consisting of land and the buildings on it, along with its natural resources. Whe...
Real estate broker
...
Real Estate Investment Trust (REIT)
...
Real Estate Settlement Procedures Act (RESPA)
...
Tax lien
...
Tax rate
...
Tax sale
...
Taxation
...
Tenancy at sufferance
A tenancy at sufferance occurs when a tenant continues to occupy a property after their lease has expired or been terminated, without the landlord's explicit p...
Tenancy at will
It's sometimes called a "month-to-month" tenancy, although that's a bit of a simplification. - No fixed term or end date. Unlike a traditional lease that migh...