Real Estate Words Glossary Archive


H

Monday, October 23rd, 2006
Habendum clause – The to have and to hold clause in a deed that describes the extent of the interest conveyed, such as fee or life estate and which is no longer an essential part of a deed. ...
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G

Monday, October 23rd, 2006
Gable roof – A steeply pitched roof with sloping sides. ...
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F

Monday, October 23rd, 2006
Facade – The real front or face of a building but often also used to refer to a false front. ...
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E

Monday, October 23rd, 2006
Earnest money – A sum of money or other consideration given by a prospective purchaser as a deposit or partial payment as evidence of good faith in conjunction with an offer to purchase real property rights which if accepted will become part of the down payment. ...
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D

Monday, October 23rd, 2006
Damages – The payment to a party who has suffered a loss or has been harmed by a sustained injury either to his or her person, property or relative rights through an act or default of another which is used to make up for the wrong. ...
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C

Monday, October 23rd, 2006
CAI – See Community Associations Institute. ...
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B

Monday, October 23rd, 2006
Backfill – The replacement of excavated earth back into a hole or against a structure. ...
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A

Monday, October 23rd, 2006
1031 Exchange – An exchange which is officially called an Internal Revenue Code 1031 Exchange which allows an owner to trade one like property for another under very specific guidelines and defer paying income tax. ...
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