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Back Bay Boston Real Estate Glossary

Learn about different real estate terms with our helpful glossary...

ABSTRACT OF TITLE
ACCELERATION CLAUSE
ACCESSION
ACCRETION
ACCRUED ITEMS
ACKNOWLEDGEMENT
ACRE
ACTUAL EVICTION
ACTUAL NOTICE
ADJUSTABLE-RATE MORTGAGE (ARM)
ADJUSTED BASIS
AD VALOREM TAX
ADVERSE POSSESSION
AFFIDAVIT OF TITLE
AGENCY
AGENCY COUPLED WITH AN INTEREST
AGENT
AIR LOT
AIR RIGHTS
ALIENATION
ALIENATION CLAUSE
ALLODIAL SYSTEM
AMERICAN LAND TITLE ASSOCIATION (ALTA) POLICY
AMORTIZED LOAN
ANNUAL PERCENTAGE RATE (APR)
ANTICIPATION
ANTITRUST LAWS
APPRAISAL
APPRECIATION
APPURTENANCE
APPURTENANT EASEMENT
ASSEMBLAGE
ASSESSMENT
ASSIGNMENT
ASSUMPTION OF MORTGAGE
ATTACHMENT
ATTORNEY'S OPINION OF TITLE
AUTOMATIC EXTENSION
AVULSION
BALANCE
BALLOON PAYMENT
BARGAIN AND SALE DEED
BASE LINE
BASIS
BENCH MARK
BENEFICIARY
BILATERAL CONTRACT
BINDER
BLANKET LOAN
BLOCKBUSTING
BLUE-SKY LAWS
BOOT
BRANCH OFFICE
BREACH OF CONTRACT
BROKER
BROKERAGE
BUFFER ZONE
BUILDING CODE
BUILDING PERMIT
BULK TRANSFER
BUNDLE OF LEGAL RIGHTS
BUYDOWN
BUYER-AGENCY AGREEMENT
CAPITAL GAIN
CAPITALIZATION
CAPITALIZATION RATE
CASH FLOW
CASH RENT
CAVEAT EMPTOR
CERTIFICATE OF REASONABLE VALUE (CRV)
CERTIFICATE OF SALE
CERTIFICATE OF TITLE
CHAIN OF TITLE
CHANGE
CHATTEL
CIVIL RIGHTS ACT OF 1866
CLOSING STATEMENT
CLOUD ON TITLE
CLUSTERING
CODE OF ETHICS
CODICIL
COINSURANCE CLAUSE
COMMINGLING
COMMISSION
COMMON ELEMENTS
COMMON LAW
COMMUNITY PROPERTY
COMPARABLES
COMPETITION
COMPETITIVE MARKET ANALYSIS (CMA)
COMPREHENSIVE PLAN
CONDEMNATION
CONDITIONAL-USE PERMIT
CONDOMINIUM
CONFESSION OF JUDGEMENT CLAUSE
CONFORMITY
CONSIDERATION
CONSTRUCTION LOAN
CONSTRUCTIVE EVICTION
CONSTRUCTIVE NOTICE
CONTINGENCY
CONTRACT
CONTRIBUTION
CONVENTIONAL LOAN
CONVEYANCE
COOPERATING BROKER
COOPERATIVE
CO-OWNERSHIP
CORPORATION
CORRECTION LINES
COST APPROACH
COST RECOVERY
COUNTEROFFER
COVENANT
COVENANT OF QUIET ENJOYMENT
CREDIT
CURTEST
DATUM
DEBIT
DECEDENT
DEDICATION
DEED
DEED IN LIEU OF FORECLOSURE
DEED IN TRUST
DEED OF TRUST
DEED OF TRUST LIEN
DEED RESTRICTION
DEFAULT
DEFEASANCE CLAUSE
DEFEASIBLE FEE ESTATE
DEFICIENCY JUDGEMENT
DEMAND
DENSITY ZONING
DEPRECIATION
DESCENT
DEVELOPER
DEVISE
DISCOUNT POINT
DOMINANT TENEMENT
DOWER
DUAL AGENCY
DUE-ON-SALE CLAUSE
DURESS
EARNEST MONEY
EASEMENT
EASEMENT BY CONDEMNATION
EASEMENT BY NECESSITY
EASEMENT BY PRESCRIPTION
EASEMENT IN GROSS
ECONOMIC LIFE
EMBLEMENTS
EMINENT DOMAIN
EMPLOYEE
EMPLOYMENT CONTRACT
ENABLING ACTS
ENCROACHMENT
ENCUMBRANCE
EQUAL CREDIT OPPORTUNITY ACT (ECOA)
EQUALIZATION
EQUALIZATION FACTOR
EQUITABLE LIEN
EQUITABLE RIGHT OF REDEMPTION
EQUITABLE TITLE
EQUITY
EROSION
ESCHEAT
ESCROW
ESCROW ACCOUNT
ESCROW INSTRUCTIONS
ESTATE (TENANCY) AT SUFFERANCE
ESTATE (TENANCY) AT WILL
ESTATE (TENANCY) FOR YEARS
ESTATE (TENANCY) FROM PERIOD TO PERIOD
ESTATE IN LAND
ESTATE TAXES
ESTOPPEL
ESTOPPEL CERTIFICATE
ETHICS
EVICTION
EVIDENCE OF TITLE
EXCHANGE
EXCLUSIVE-AGENCY LISTING
EXCLUSIVE RIGHT-TO-SELL LISTING
EXECUTED CONTRACT
EXECUTION
EXECUTORY CONTRACT
EXPRESS AGREEMENT
EXPRESS CONTRACT
EXTERNAL DEPRECIATION
FAIR HOUSING ACT
FANNIE MAE
FARMER'S HOME ADMINISTRATION (FmHA)
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
FEDERAL RESERVE SYSTEM
FEE SIMPLE ABSOLUTE
FEE SIMPLE DEFEASIBLE
FEUDAL SYSTEM
UPON THE DEATH OF THE INDIVIDUAL
FHA LOAN
FIDUCIARY
FIDUCIARY RELATIONSHIP
FINANCIAL INSTITUTIONS REFORM, RECOVERY AND ENFORCEMENT ACT
FINANCING STATEMENT
FISCAL POLICY
FIXTURE
FORECLOSURE
FRACTIONAL SECTION
FRAUD
FREDDIE MAC
FREEHOLD ESTATE
FRONT FOOTAGE
FUNCTIONAL OBSOLESCENCE
FUTURE INTEREST
GAP
GENERAL AGENT
GENERAL LIEN
GENERAL PARTNERSHIP
GENERAL WARRANTY DEED
GINNIE MAE
GOVERNMENT CHECK
GOVERNMENT LOT
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)
GOVERNMENT SURVEY SYSTEM
GRADUATED-PAYMENT MORTGAGE (GPM)
GRANTEE
GRANTING CLAUSE
GRANTOR
GROSS INCOME MULTIPLIER
GROSS LEASE
GROSS RENT MULTIPLIER (GRM)
GROUND LEASE
GROWING-EQUITY MORTGAGE (GEM)
HABENDUM CLAUSE
HEIR
HIGHEST AND BEST USE
HOLDOVER TENANCY
HOLOGRAPHIC WILL
HOME EQUITY LOAN
HOMEOWNER'S INSURANCE POLICY
HOMESTEAD
HYPOTHECATE
IMPLIED AGREEMENT
IMPLIED CONTRACT
IMPLIED WARRANTY OF HABITABILITY
IMPROVEMENT
INCOME APPROACH
INCORPOREAL RIGHT
INDEPENDENT CONTRACTOR
INDEX METHOD
INFLATION
INHERITANCE TAXES
INSTALLMENT CONTRACT
INSTALLMENT SALE
INTEREST
INTERIM FINANCING
INTERSTATE LAND SALES FULL DISCLOSURE ACT
INTESTATE
INTRINSIC VALUE
INVESTMENT
INVOLUNTARY ALIENATION
INVOLUNTARY LIEN
JOINT TENANCY
JOINT VENTURE
JUDGEMENT
JUDICIAL PRECEDENT
JUNIOR LIEN
LATCHES
LAND
LAND CONTRACT
LAW OF AGENCY
LEASE
LEASEHOLD ESTATE
LEASE OPTION
LEASE PURCHASE
LEGACY
LEGAL DESCRIPTION
LEGALLY COMPETENT PARTIES
LESSEE
LESSOR
LEVERAGE
LEVY
LICENSE
LIEN
LIEN THEORY
LIFE
LIFE ESTATE
LIFE TENANT
LIMITED PARTNERSHIP
LIQUIDATED DAMAGES
LIQUIDITY
LIS PENDENS
LISTING AGREEMENT
LISTING BROKER
LITTORAL RIGHTS
LOAN ORIGINATION FEE
LOAN-TO-VALUE RATIO
LOT-AND-BLOCK (RECORDED PLAT) SYSTEM
MANAGEMENT AGREEMENT
MARKET
MARKETABLE TITLE
MARKET VALUE
MASTER PLAN
MECHANIC'S LIEN
MERIDIAN
METES-AND-BOUNDS DESCRIPTION
MILL
MINOR
MONETARY POLICY
MONTH-TO-MONTH TENANCY
MONUMENT
MORTGAGE
MORTGAGE BANKER
MORTGAGE BROKER
MORTGAGEE
MORTGAGE LIEN
MORTGAGOR
MULTIPERIL POLICIES
MULTIPLE-LISTING CLAUSE
MULTIPLE LISTING SERVICE (MLS)
NEGOTIABLE INSTRUMENT
NET LEASE
NET LISTING
NET OPERATING INCOME (NOI)
NONCONFORMING USE
NON-HOMOGENEITY
NOTE
NOVATION
NUNCUPATIVE WILL
OBSOLESCENCE
OCCUPANCY PERMIT
OFFER AND ACCEPTANCE
OFFEROR/OFFEREE
OFFICE OF THRIFT SUPERVISION (OTS)
OPEN-END LOAN
OPEN LISTING
OPTION
OPTION LISTING
OSTENSIBLE AGENCY
PACKAGE LOAN
PAROL EVIDENCE RULE
PARTICIPATION MORTGAGE
PARTITION
PARTNERSHIP
PARTY WALL
PATENT
PAYMENT CAP
PAYOFF STATEMENT
PERCENTAGE LEASE
PERCOLATION TEST
PERIODIC ESTATE (TENANCY)
PERSONAL PROPERTY
PHYSICAL DETERIORATION
PLANNED UNIT DEVELOPMENT (PUD)
PLAT MAP
PLOTTAGE
POINT OF BEGINNING (POB)
POLICE POWER
POWER OF ATTORNEY
PREPAID ITEMS
PREPAYMENT PENALTY
PRICE-FIXING
PRIMARY MORTGAGE MARKET
PRINCIPAL
PRINCIPAL MERIDIAN
PRIOR APPROPRIATION
PRIORITY
PRIVATE MORTGAGE INSURANCE (PMI)
PROBATE
PROCURING CAUSE
PROGRESSION
PROMISSORY NOTE
PROPERTY MANAGER
PROPERTY REPORTS
PROPRIETARY LEASE
PRORATIONS
PROTECTED CLASS
PUFFING
PUR AUTRE VIE "FOR THE LIFE OF ANOTHER."
PURCHASE-MONEY MORTGAGE (PMM)
PYRAMIDING
QUANTITY-SURVEY METHOD
QUIET TITLE
QUITCLAIM DEED
RANGE
RATE CAP
RATIFICATION
READY, WILLING AND ABLE BUYER
REAL ESTATE LAND
REAL ESTATE INVESTMENT SYNDICATE
REAL ESTATE INVESTMENT TRUST (REIT)
REAL ESTATE LICENSE LAW
REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC)
REAL ESTATE RECOVERY FUND
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)
REAL PROPERTY
REALTOR®
RECONCILIATION
RECONVEYANCE DEED
RECORDING
RECTANGULAR (GOVERNMENT) SURVEY SYSTEM
REDEMPTION
REDEMPTION PERIOD
REDLINING
REDUCTION CERTIFICATE (PAYOFF STATEMENT)
REGRESSION
REGULATION Z
RELEASE DEED
REMAINDER INTEREST
RENT
RENT SCHEDULE
REPLACEMENT COST
REPRODUCTION COST
RESOLUTION TRUST CORPORATION
RESTRICTIVE COVENANTS
REVERSE-ANNUITY MORTGAGE (RAM)
REVERSIONARY INTEREST
REVERSIONARY RIGHT
RIGHT OF FIRST REFUSAL o RIGHT OF SURVIVORSHIP
RIGHT-OF-WAY
RIPARIAN RIGHTS
RISK MANAGEMENT
RULES AND REGULATIONS
SALE AND LEASEBACK
SALES COMPARISON APPROACH
SALESPERSON
SATISFACTION OF MORTGAGE
SECONDARY MORTGAGE MARKET
SECTION
SECURITY AGREEMENT
SECURITY DEPOSIT
SEPARATE PROPERTY
SERVIENT TENEMENT
SETBACK
SEVERALTY
SEVERANCE
SHARECROPPING
SHARED-APPRECIATION MORTGAGE (SAM)
SITUS
SPECIAL AGENT
SPECIAL ASSESSMENT
SPECIAL WARRANTY DEED
SPECIFIC LIEN
SPECIFIC PERFORMANCE
SQUARE-FOOT METHOD
STATUTE OF FRAUDS
STATUTE OF LIMITATIONS
STATUTORY LIEN
STATUTORY REDEMPTION
STEERING
STRAIGHT-LINE METHOD
STRAIGHT (TERM) LOAN
SUBAGENT
SUBDIVIDER
SUBDIVISION
SUBDIVISION AND DEVELOPMENT ORDINANCES
SUBDIVISION PLAT
SUBLEASE
SUBLETTING
SUBORDINATION
SUBORDINATION AGREEMENT
SUBROGATION
SUBSTITUTION
SUBSURFACE RIGHTS
SUIT FOR POSSESSION
SUIT TO QUIET TITLE
SURETY BOND
SURFACE RIGHTS
SURVEY
TACKING
TAXATION
TAX DEED
TAX LIEN
TAX SALE
TENANCY IN COMMON
TESTATE
TESTATOR
TIME IS OF THE ESSENCE
TIME-SHARE
TITLE
TITLE INSURANCE
TITLE SEARCH
TITLE THEORY
TORRENS SYSTEM
TRUST DEED
TRUSTEE
UNILATERAL CONTRACT
USURY
VALID CONTRACT
VARIANCE
VOIDABLE CONTRACT
VOLUNTARY ALIENATION
VOLUNTARY LIEN
WASTE
WILL
WRAPAROUND LOAN
ZONING ORDINANCE

 

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