The House and Home Winnipeg Real Estate Page Glossary

Real Estate Glossary

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Abandonment
Abatement
Absorption Rate
Abstract Of Title
Accelerated Depreciation
Acceleration Clause
Acceptance
Access
Accretion
Accrued
Acknowledgement
Acre
Adhesion Contract
Ad Valorem
Adverse Possession
Affidavit
Agency
Agent
Agreement Of Sale
Air Rights
Alienation Clause
Allodial System
Amenities
Amortization
Anchor Tenant
Annual Percentage Rate
Appraisal
Appreciation
Appurtenant
Arbitration
Assessed Valuation
Assessment
Assignment
Assumption Of Mortgage
Attachment
Attorney-In-Fact
Attornment
Balloon Payment
Bargain And Sale Deed
Base Line And Meridian
Basis
Bench Mark
Beneficiary
Bilateral Contract
Bill Of Sale
Blanket Mortgage
Blue Sky Laws
Boot
Boundaries
Breach Of Contract
Broker
Brokerage
Budget Mortgage
Buffer Zone
Building Permit
Building Residual Technique
Bulk Transfers
Bundle Of Rights
Business Days
Business Opportunities
Cantilever
Capital Gain
Capital Improvement
Capitalization
Cap Rate
Certificate Of Reasonable Value
Certified Check
Certified Property Manager
Chain Of Title
Chattel
Clear Title
Client Trust Account
Closing
Closing Costs
Closing Statement
Cloud On Title
Cluster Development
Code Of Ethics
Collateral
Color Of Title
Commercial Property
Commingling
Commission
Commitment
Common Areas
Common Elements
Common Law
Common Wall
Community Property
Comparables
Compound Interest
Concessions
Condemnation
Condominium Ownership
Consideration
Constructive Eviction
Constructive Notice
Contingency
Contract
Conveyance
Cooperating Broker
Cooperative Ownership
Co-Tenancy
Counter-Offer
Courtesy To Brokers
Covenant
Covenants And Conditions
Covenants Running With The Land
Cul De Sac
Customer Trust Fund
Dealer
Debt Service
Declaration Of Restrictions
Dedication
Deed
Deed Of Trust
Default
Deferred Commissions
Deficiency Judgement
Density
Deposit
Depreciation - Appraisal
Depreciation - Tax
Depth Table
Descent
Description
Developer
Devise
Disclaimer
Discount Points
Discrimination
Distraint
Domicile
Double Escrow
Dower
Dual Agency
Due On Sale Clause
Duplex
Duress
Easement
Easement In Gross
Emblements
Eminent Domain
Encroachment
Encumbrance
Entirety, Tenancy By
Environmental Impact Statement
Equity
Errors And Omissions Insurance
Escheat
Escrow
Estoppel
Ethics
Eviction
Exchange
Exclusive Agency
Exclusive Listing
Executive
Executor
Executory Contract
Extender Clause
Extension
Fair Market Value
Farm Area
Feasibility Study
Federal Housing Administration
(Fha) Federal Tax Lien
Federal Trade Commission
(Ftc) Fee Simple
Fiduciary
Filled Land
Finance Charge
Finance Fee
Financial Statement
Finder's Fee
Firm Commitment
First Refusal, Right Of
Fiscal Year
Fixture
Flag Lot
Floor Area Ratio
Floor Duty
Foreclosure
Fraud
Free And Clear Title
Frontage
Functional Obsolescence
Garnishment
General Agent
General Contractor
General Partner
Gift Tax
Good Faith
Good Will
Government Survey
Graduated Rental Lease
Grandfather Clause
Grantee
Grantor
Gross Area
Gross Income Multiplier
Gross Lease
Guardian
Habendum Clause
Habitable
Heir
Highest And Best Use
High Rise
Hold Harmless Clause
Holdover Tenant
Homeowner's Association
Homestead
Hotel
House Rules
Hud
Hypothecate
Implied Warranty Of Habitability
Impound Account
Improved Land
Improvements
Imputed Interest
Income Approach
Income Property
Incorporeal Rights
Independent Contractor
Industrial Park
Injunction
Innocent Purchaser For Value
Inspection
Institutional Lender
Interest
Interim Financing
Intestate
Inventory
Inverse Condemnation
Joint And Several Liability
Joint Tenancy
Joint Venture
Judgment Lien
Judicial Foreclosure
Junior Mortgage
Jurisdiction
Just Compensation
Land
Land Contract
Land Description
Land Leaseback
Land, Tenements And Hereditaments
Land Trust
Landlocked
Landlord
Landmark
Landscaping
Lateral And Subjacent Support
Law Day
Lease
Leasehold
Legal Description
Legal Notice
Legal Rate Of Interest
Lessee
Lessor
Less-Than-Freehold Estate
Letter Of Credit
Letter Of Intent
Level Payment Mortgage
Leverage
Licensee
Lien
Life Estate
Limited Common Elements
Limited Partnership
Line Of Credit
Liquidated Damages
Liquidity
Lis Pendens
Listing
Littoral Land
Loan Commitment
Loan-To-Value Ratio
Locus Sigilli
Loss Payee
Maintenance
Mall
Marginal Land
Marketable Title
Market Value
Master Plan
Meander Line
Mechanic's Lien
Metes And Bounds
Military Clause
Mineral Rights
Misrepresentation
Money
Month-To-Month Tenancy
Monuments
Mortgage
Mortgage Banker
Mortgage Broker
Mortgagee
Mortgagor
Multiple Listing Service (MLS)
National Association Of Realtors (NAR)
Negative Cash Flow
Negotiable Instrument
Negotiation
Net Income
Net Lease
Net Worth
Nominal Consideration
Non-Competition Clause
Nonconforming Use
Nondisturbance Clause
Normal Wear And Tear
Note
Notice
Notice Of Completion
Notice Of Default
Notice Of Nonresponsibility
Notice To Quit
Novation
Nuisance
Null And Void
Obsolescence
Offer
Offer And Acceptance
Office Exclusive
Offsite Costs
Open-End Mortgage
Open House
Open Listing
Open Space
Operating Expenses
Opinion Of Title
Option
Origination Fee
Overimprovement
Override
Package Mortgage
Parcel
Partial Release
Participation Mortgage
Partition
Partnership
Party Wall
Penthouse
Percentage Lease
Percolation Test
Performance Bond
Periodic Tenancy
Permanent Financing
Personal Property
Piggyback Loan
Planned Unit Development (PUD)
Plat
Plottage
Pocket Listing
Point Of Beginning
Points
Police Power
Porte Cochere
Possession
Power Of Attorney
Power Of Sale
Premises
Prepaid Interest
Prepayment Penalty
Prepayment Privilege
Pre-Sale
Prescription
Present Value Of One Dollar
Prime Rate
Principal
Principal Broker
Private Mortgage Insurance
Probate
Procuring Cause
Pro Forma Statement
Promissory Note
Property
Property Management
Property Report
Proprietary Lease
Prorate
Prospect
Prospectus
Puffing
Punch List
Purchase Money Mortgage
Qualified Fee
Quantity Survey
Quiet Enjoyment
Quiet Title Action
Quitclaim Deed
Range
Rate Of Return
Raw Land
Real Estate
Real Property
Realtor
Realty
Rebate
Recapture Clause
Receiver
Recording
Redemption, Equitable Right Of
Reduction Certificate
Refinance
Reformation
Release
Release Clause
Remainder Estate
Renewal Option
Rent
Rent Control
Rental Agreement
Rental Pool
Reproduction Cost
Rescission
Reserve Fund
Residual Process
Restrictions
Restrictive Covenant
Retaliatory Eviction
Reversion
Right Of Survivorship
Right-Of-Way
Riparian
Risk Of Loss
Running With The Land
Sale And Leaseback
Schematics
Second Mortgage
Secondary Mortgage Market
Security Agreement
Security Deposit
Septic Tank
Setback
Settlement
Severalty
Shell Lease
Shopping Center
Shoreline
Simple Interest
Special Assessment
Special Warranty Deed
Specific Performance
Spot Loan
Standing Loan
Statute Of Frauds
Statute Of Limitations
Step-Up Lease
Straight Note
Subject To Mortgage
Subordination Agreement
Summary Possession
Surrender
Survey
Survivorship
Take-Out Financing
Tax Lien
Tax Shelter
Tenancy At Sufferance
Tenancy At Will
Tenancy By The Entirety
Tenancy For Years
Tenancy In Common
Tenancy In Severalty
Tenant
Time Is Of The Essence
Time Sharing
Title Insurance
Title Search
Townhouse
Township
Trade Fixtures
Triple Net Lease
Trust Deed
Trust Fund Account
Turnkey Project
Unilateral Contract
Upset Price
Useful Life
Usury
Vacancy Factor
Value
Variance
Vendee
Vendor
Void
Voidable
Waiver
Warehouse
Warehousing
Warranty
Warranty Deed
Waste
Wear And Tear
Wrap-Around Mortgage
Year-To-Year Tenancy
Yield
Zoning

Gord Kawecki
RE/MAX Performance Realty
#1-741 St. Mary's Road
Winnipeg, MB R2M 3N5

1-800-267-0794 (Toll Free)
(204) 255-4204 (24 Hrs.)
(204) 254-4011 (Fax)

gordrmx@shaw.ca