Glossary of Real Estate and related terms.

There are 188 entries in this glossary.
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Term Definition
Lease

An agreement, written or unwritten, transferring the right to exclusive possession and use of real estate for a definite period of time. To create a valid lease, the lessor must retain a reversionary right; that is, the lessor (landlord) must grant the right of possession to the lessee (tenant) but retain the right to retake possession after the lease term has expired.

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Glossary Terms

Jun.26 Staging
Home staging is the act of preparing a private residence for sale in the real esta...
Jun.25 Rent Control
Laws that limit the amount of rent landlords may charge, and that state when and b...
Jun.25 HOA
Acronym for Home Owners Association. Its an organization comprising neighbors conc...
Jun.25 Gated Community
A neighborhood or group of neighborhoods, usually surrounded by masonary walls, re...
Jun.25 Dispossess
To oust from land by legal process.