Glossary of Real Estate Industry Terms » Mortgage Masters Group

real estate owned (REO) Other real estate owned by the borrower (such as an investment property). reciprocal easement The right of unit owners in different phases of an overall condo development to use the roads, parking areas, etc., in other phases of the development, through the creation of cross-easements.

Glossary of Real estate terms abatement Often referred to as free rent or early occupancy and may occur outside or in addition to the primary term of the lease. Above building standard Upgraded finishes and specialized designs necessary to accommodate a tenant’s requirements. Absorption rate The rate at which rentable space is filled.

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Estate: The degree, quantity, nature and extent of a person’s interest in real property; such as a fee simple absolute estate, or an estate for years. Estate from period-to-period (periodic tenancy): An interest in land with no contract date of termination.

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Definitions of special real estate terms real estate Definitions. Glossary of Real Estate Terms. This glossary contains the definitions of hundreds of real estate, investor, mortgage and home buyer terms.. prominent realty group direct / (702) 496-9898 E-Mail:jim@act4u.com

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Welcome to the Saint Louis real estate and Saint Charles County homes for sale glossary for real estate related terms. understanding real estate terminology can be of great assistance in buying or selling a Clayton home, Saint Charles commercial property, or Saint Peters investment property.

BIWEEKLY MORTGAGE. A mortgage where you make "half payments" every two weeks, rather than one payment per month. This results in making the equivalent of 13 monthly payments per year, rather than 12, significantly reducing the time it takes to pay off a thirty year mortgage.

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