Real Property
The complete list of terms and definitions.
Real property law, also known as real estate law, is an area of law that deals with real property. Real property includes land and any buildings on the land. Real property law is primarily concerned with who legal ownership and usage of land and buildings on the land. Real property law often deals with disputes over land ownership, contractual agreements concerning land ownership, and the responsibilities of land ownership. What follows is a list of legal terms in real property law and their dictionary definitions.
- a balloon loan
- a Balloon payment
- Actual Notice
- Ad valorem taxes
- Adjustable-rate mortgage (ARM)
- Adjustment index
- Adverse Possession
- American Society of Home Inspectors
- Amortization
- Annual Percentage Rate (Apr)
- Appraisal
- Appreciation
- Appurtenant Easement
- Assignment
- Assignment of leases
- Assumable mortgage
- Assumption clause
- Blanket Mortgage
- Bona fide purchaser for value
- Building code
- Chain of title
- Closing
- Closing costs
- Co-borrower
- Co-ownership
- Co-signer
- Collateral
- Common Law
- Community Property
- Competitive market analysis (Comps)
- Concurrent Ownership
- Conforming loan
- Construction Mortgage
- Constructive Eviction
- Constructive Notice
- Conveyance
- Covenants
- Covenants that run with the land
- Debt to income ratio
- Deed
- Deed in lieu
- Deed of trust
- Default
- Disclosures
- Dominant Tenement
- Down payment
- Due on sale
- Due on sale clause
- Earnest money
- Easement
- Easement in gross
- Eminent domain
- Encumbrance
- Equal Credit Opportunity Act (ECOA)
- Equitable Servitude
- Escape clause
- Escrow
- Estate
- Estate at will
- Estate for years
- Estoppel certificate
- Exchange Value
- Fair Housing Act
- Fair Market Value
- Fannie Mae
- Fee mortgage
- Fee Simple Defeasible
- Fee Simple Determinable
- Fee simple estate
- FHA
- FICO score
- Financing statement
- Fixed rate mortgage
- Fixture
- Forbearance
- Foreclosure
- Freddie Mac
- Ginnie Mae
- Gross Lease
- Guaranty
- HECM -- Reverse Mortgage
- Home inspection
- Homeowners association (HOA)
- Hud-1 Settlement Statement
- Implied Easement
- Insurable Title
- Intercreditor agreement
- Intermediate term mortgage
- Joint Tenants with the Right of Survivorship
- Judgment
- Junior financing
- Junior lien
- Lease
- Leasehold estate
- Legal Description
- License
- Lien
- Lien waiver
- Life estate
- Lis Pendens
- Loan acceleration
- Loan fraud
- Loan origination fee
- Market value
- Marketable Title
- Mechanics Lien
- Mezzanine loan
- Modification
- Mortgage
- Mortgage broker
- Mortgage commitment
- Mortgage contingency clause
- Mortgage insurance
- Mortgagee
- Mortgagor
- Neighborhood association
- Net Lease
- Non-conforming loan
- Non-disturbance
- Non-recourse
- Notary public
- Participation loan
- Partition
- Personal property
- PITI
- Planned Unit Development (PUD)
- Plat
- Power of sale
- Prescriptive Easement
- Prime rate
- Principal
- Quit Claim Deed
- Quitclaim deed
- Real estate
- Real Estate Broker
- Real Estate Settlement Procedures Act (RESPA)
- Real estate transfer
- Realized Proceeds
- Recorder of Deeds
- Recording Statutes
- Refinancing
- Regulations
- Reinstatement period
- Relinquished Property
- Replacement Property
- RESPA
- Restrictive Covenants
- Right-of-way
- Secondary financing
- Secured loan
- Security agreement
- Security interest
- Seller
- Special forbearance
- Special warranty deed
- Submortgage
- Subordination
- Subordination, non-disturbance and attornment agreement
- Survey
- Tenants by the entirety
- Tenants in common
- Title insurance
- Title Insurance Binder
- Title policy endorsement
- Title search or examination
- Truth in Lending Act
- Underwriting
- Variance
- Warranty deed
- Zoning
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