Definition of "Term"

Vicky Westrick real estate agent

Written by

Vicky Westrickelite badge icon

Weichert Realtors

  1. A stated of years.
  2. The length of time something is effective, such as a two-year rental.
  3. A condition specified in an agreement. An example is that the tenant must not have a cat in the apartment.

    image of a real estate dictionary page

    Have a question or comment?

    We're here to help.

    *** Your email address will remain confidential.
     

     

    Popular Real Estate Terms

    ...

    in masonry, the stones or bricks that are laid cross ways on a wall providing support to the horizontal stretcher bricks. The ends of the header bricks are visible in the wall. A beam ...

    Considering future occurrences that may possibly arise. ...

    When answering the question of what is a real estate investor, several aspects should be considered. First, a real estate investor, also known as a real estate entrepreneur, allocates ...

    The concept of a release can define various meanings in the financial and real estate business. Typically, it establishes a discharge or literal escape from a loan borrower's economic ...

    An individual against whom a court has placed a financial judgment with a creditor. For example, a court determines that Cole owes Smith $2,000 and makes Cole a judgment debtor. ...

    Rezoning of land from a higher density use to a lower density use. ...

    A contractual clause where one party assumes a liability risk for another. Thus, a hold harmless clause effectively indemnifies the named party from any liability by transferring the risk ...

    Tile placed on a wall as decoration, such as in a bathroom or kitchen. ...

    Popular Real Estate Questions