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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Limitation or prohibition such as on what a tenant in an apartment may not do. Local laws may also restrict certain actions such as failing to use the property for gambling purposes. ...

Size of estate passing free from estate and gift of taxes. The exempted amount as of January 1, 1987, is $600,000. ...

A special kind of fixed rate mortgage (conventional mortgage) in which the monthly payments are less in the beginning years and more in the later years. After five years it usually levels ...

See common law. ...

Intention to withhold or secrete information. If an insured withholds information on a material fact, about which the insurance company has no knowledge, the company has grounds to void the ...