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Popular Real Estate Glossary Terms
A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defect in a water pipe is not immediately discovered, and it later results in a massive water ...
The quality of life enjoyed by a person depending on factors such as spendable income, housing conditions, health and education. ...
Statement issued by the insurance company denying a claim under the insurance policy on the grounds that a condition or policy provision has been breached. ...
Privately formed insurance company whose objective is to make a profit. ...
The percentage of the selling price of property to its gross rental income. It is used to value an income-producing property. For example, if the selling price of property was $400,000 and ...