Archives: Glossary
Holds Glossary on the website
Fixed Costs
Welcome Group / July 3, 2019
Costs that do not fluctuate in proportion to the level … Continue reading Fixed Costs
read moreFair Market Value
Welcome Group / July 3, 2019
The sale price at which a property would change hands … Continue reading Fair Market Value
read moreEstoppel Certificate
Welcome Group / July 3, 2019
A signed statement certifying that certain statements of fact are … Continue reading Estoppel Certificate
read moreEscrow Agreement
Welcome Group / July 3, 2019
A written agreement made between an escrow agent and the … Continue reading Escrow Agreement
read moreEquity
Welcome Group / July 3, 2019
The residual value of a property beyond mortgage or liability.
read moreEminent Domain
Welcome Group / July 3, 2019
A power to acquire by condemnation private property for public … Continue reading Eminent Domain
read moreEasement
Welcome Group / July 3, 2019
A right created by grant, reservation, agreement, prescription or necessary … Continue reading Easement
read moreDue diligence
Welcome Group / July 3, 2019
Activities carried out by a prospective purchaser or mortgager of … Continue reading Due diligence
read moreDesign build
Welcome Group / July 3, 2019
A system in which a single entity is responsible for … Continue reading Design build
read moreDeed
Welcome Group / July 3, 2019
A legal instrument transferring title to real property from the … Continue reading Deed
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