Description


Definition of "Description"

Lisa McGill
  Keller Williams Realty

Formal or legal description of property and its dimensions included in deeds, leases, listing agreements, rental agreements, and sales contracts.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Acquired Immunodeficiency Syndrome (aids)

Condition characterized by illnesses indicative of reduced immune respon­siveness in otherwise healt ...

Approval

Acceptance of the borrower's loan application. Approval means that the borrower meets the lender's ...

Universal Life Insurance

Adjustable life insurance under which (1) premiums are flexible, not fixed; (2) protection is adjust ...

Residential Building Rate

Degree of construction of residential property measured in number of units or dollar value. ...

Subrogation, Property And Casualty Insurance

Circumstance where an insurance company takes the place of an insured in bringing a liability suit a ...

Priestly V. Fowler

1837 British case that established that an employer was not responsible for injury to an employee if ...

Related Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers Tax Breaks for the First Time Home Buyer Foreclosure - The Pros and Cons of Buying Rent or Buy - the pros and cons 6 Reasons you are not selling properties

FAQ

What is a broker? What does an appraisal mean? What do I need to know about Motorcycle Insurance? What is flood insurance? What is a counteroffer?