Boston Real Estate Glossary

A
ABSTRACT OF TITLE  ACCELERATION CLAUSE  ACCESSION  ACCRETION ACCRUED ITEMS  ACKNOWLEDGEMENT ACRE ACTUAL EVICTION  ACTUAL NOTICE  ADJUSTABLE-RATE MORTGAGE (ARM)  ADJUSTED BASIS  AD VALOREM TAX  ADVERSE POSSESSION  AFFIDAVIT OF TITLE  AGENCY  AGENCY COUPLED WITH AN INTEREST  AGENT  AIR LOT  AIR RIGHTS  ALIENATION ALIENATION CLAUSE  ALLODIAL SYSTEM  AMERICAN LAND TITLE ASSOCIATION (ALTA) POLICY  AMORTIZED LOAN  ANNUAL PERCENTAGE RATE (APR)  ANTICIPATION  ANTITRUST LAWS  APPRAISAL  APPRECIATION APPURTENANCE APPURTENANT EASEMENT  ASSEMBLAGE  ASSESSMENT ASSIGNMENT ASSUMPTION OF MORTGAGE  ATTACHMENT  ATTORNEY’S OPINION OF TITLE  AUTOMATIC EXTENSION  AVULSION 
B
BALANCE BALLOON PAYMENT  BARGAIN AND SALE DEED  BASE LINE  BASIS  BENCH MARK  BENEFICIARY  BILATERAL CONTRACT  BINDER  BLANKET LOAN  BLOCKBUSTING  BLUE-SKY LAWS  BOOT  BRANCH OFFICE  BREACH OF CONTRACT  BROKER  BROKERAGE BUFFER ZONE  BUILDING CODE  BUILDING PERMIT  BULK TRANSFER  BUNDLE OF LEGAL RIGHTS  BUYDOWN  BUYER-AGENCY AGREEMENT
C
CAPITAL GAIN  CAPITALIZATION CAPITALIZATION RATE  CASH FLOW  CASH RENT  CAVEAT EMPTOR CERTIFICATE OF REASONABLE VALUE (CRV)  CERTIFICATE OF SALE  CERTIFICATE OF TITLE  CHAIN OF TITLE  CHANGE  CHATTEL CIVIL RIGHTS ACT OF 1866  CLOSING STATEMENT  CLOUD ON TITLE  CLUSTERING  CODE OF ETHICS  CODICIL  COINSURANCE CLAUSE  COMMINGLING  COMMISSION COMMON ELEMENTS  COMMON LAW  COMMUNITY PROPERTY  COMPARABLES  COMPETITION COMPETITIVE MARKET ANALYSIS (CMA)  COMPREHENSIVE PLAN  CONDEMNATION  CONDITIONAL-USE PERMIT  CONDOMINIUM  CONFESSION OF JUDGEMENT CLAUSE  CONFORMITY  CONSIDERATION CONSTRUCTION LOAN  CONSTRUCTIVE EVICTION  CONSTRUCTIVE NOTICE  CONTINGENCY  CONTRACT CONTRIBUTION CONVENTIONAL LOAN  CONVEYANCE  COOPERATING BROKER  COOPERATIVE  CO-OWNERSHIP CORPORATION CORRECTION LINES  COST APPROACH  COST RECOVERY  COUNTEROFFER  COVENANT COVENANT OF QUIET ENJOYMENT  CREDIT  CURTEST
D
DATUM DEBIT DECEDENT DEDICATION DEED DEED IN LIEU OF FORECLOSURE  DEED IN TRUST  DEED OF TRUST  DEED OF TRUST LIEN  DEED RESTRICTION  DEFAULT  DEFEASANCE CLAUSE  DEFEASIBLE FEE ESTATE  DEFICIENCY JUDGEMENT  DEMAND  DENSITY ZONING  DEPRECIATION  DESCENT DEVELOPER DEVISE DISCOUNT POINT  DOMINANT TENEMENT  DOWER  DUAL AGENCY  DUE-ON-SALE CLAUSE  DURESS
E
EARNEST MONEY  EASEMENT EASEMENT BY CONDEMNATION  EASEMENT BY NECESSITY  EASEMENT BY PRESCRIPTION  EASEMENT IN GROSS  ECONOMIC LIFE  EMBLEMENTS  EMINENT DOMAIN  EMPLOYEE  EMPLOYMENT CONTRACT  ENABLING ACTS  ENCROACHMENT  ENCUMBRANCE EQUAL CREDIT OPPORTUNITY ACT (ECOA)  EQUALIZATION  EQUALIZATION FACTOR  EQUITABLE LIEN  EQUITABLE RIGHT OF REDEMPTION  EQUITABLE TITLE  EQUITY  EROSION ESCHEAT ESCROW ESCROW ACCOUNT  ESCROW INSTRUCTIONS  ESTATE (TENANCY) AT SUFFERANCE  ESTATE (TENANCY) AT WILL  ESTATE (TENANCY) FOR YEARS  ESTATE (TENANCY) FROM PERIOD TO PERIOD  ESTATE IN LAND  ESTATE TAXES  ESTOPPEL  ESTOPPEL CERTIFICATE  ETHICS  EVICTION EVIDENCE OF TITLE  EXCHANGE  EXCLUSIVE-AGENCY LISTING  EXCLUSIVE RIGHT-TO-SELL LISTING  EXECUTED CONTRACT  EXECUTION  EXECUTORY CONTRACT  EXPRESS AGREEMENT  EXPRESS CONTRACT  EXTERNAL DEPRECIATION
F
FAIR HOUSING ACT  FANNIE MAE  FARMER’S HOME ADMINISTRATION (FmHA)  FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)  FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)  FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)  FEDERAL RESERVE SYSTEM  FEE SIMPLE ABSOLUTE  FEE SIMPLE DEFEASIBLE  FEUDAL SYSTEM  UPON THE DEATH OF THE INDIVIDUAL  FHA LOAN  FIDUCIARY  FIDUCIARY RELATIONSHIP  FINANCIAL INSTITUTIONS REFORM, RECOVERY AND ENFORCEMENT ACT  FINANCING STATEMENT  FISCAL POLICY  FIXTURE  FORECLOSURE FRACTIONAL SECTION  FRAUD  FREDDIE MAC  FREEHOLD ESTATE  FRONT FOOTAGE  FUNCTIONAL OBSOLESCENCE  FUTURE INTEREST
G
GAP GENERAL AGENT  GENERAL LIEN  GENERAL PARTNERSHIP  GENERAL WARRANTY DEED  GINNIE MAE  GOVERNMENT CHECK  GOVERNMENT LOT  GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)  GOVERNMENT SURVEY SYSTEM  GRADUATED-PAYMENT MORTGAGE (GPM)  GRANTEE  GRANTING CLAUSE  GRANTOR  GROSS INCOME MULTIPLIER  GROSS LEASE  GROSS RENT MULTIPLIER (GRM)  GROUND LEASE  GROWING-EQUITY MORTGAGE (GEM)
H
HABENDUM CLAUSE  HEIR HIGHEST AND BEST USE  HOLDOVER TENANCY  HOLOGRAPHIC WILL  HOME EQUITY LOAN  HOMEOWNER’S INSURANCE POLICY  HOMESTEAD  HYPOTHECATE
I
IMPLIED AGREEMENT  IMPLIED CONTRACT  IMPLIED WARRANTY OF HABITABILITY  IMPROVEMENT  INCOME APPROACH  INCORPOREAL RIGHT  INDEPENDENT CONTRACTOR  INDEX METHOD  INFLATION  INHERITANCE TAXES  INSTALLMENT CONTRACT  INSTALLMENT SALE  INTEREST  INTERIM FINANCING  INTERSTATE LAND SALES FULL DISCLOSURE ACT  INTESTATE  INTRINSIC VALUE  INVESTMENT  INVOLUNTARY ALIENATION  INVOLUNTARY LIEN
J
JOINT TENANCY  JOINT VENTURE  JUDGEMENT  JUDICIAL PRECEDENT  JUNIOR LIEN
L
LATCHES LAND LAND CONTRACT  LAW OF AGENCY  LEASE  LEASEHOLD ESTATE  LEASE OPTION  LEASE PURCHASE  LEGACY  LEGAL DESCRIPTION  LEGALLY COMPETENT PARTIES  LESSEE  LESSOR LEVERAGE LEVY LICENSE LIEN LIEN THEORY  LIFE  LIFE ESTATE  LIFE TENANT  LIMITED PARTNERSHIP  LIQUIDATED DAMAGES  LIQUIDITY LIS PENDENS LISTING AGREEMENT  LISTING BROKER  LITTORAL RIGHTS  LOAN ORIGINATION FEE  LOAN-TO-VALUE RATIO  LOT-AND-BLOCK (RECORDED PLAT) SYSTEM
M
MANAGEMENT AGREEMENT  MARKET MARKETABLE TITLE  MARKET VALUE  MASTER PLAN  MECHANIC’S LIEN  MERIDIAN  METES-AND-BOUNDS DESCRIPTION  MILL  MINOR MONETARY POLICY  MONTH-TO-MONTH TENANCY  MONUMENT  MORTGAGE MORTGAGE BANKER  MORTGAGE BROKER  MORTGAGEE  MORTGAGE LIEN  MORTGAGOR  MULTIPERIL POLICIES  MULTIPLE-LISTING CLAUSE  MULTIPLE LISTING SERVICE (MLS)
N
NEGOTIABLE INSTRUMENT  NET LEASE  NET LISTING  NET OPERATING INCOME (NOI)  NONCONFORMING USE  NON-HOMOGENEITY  NOTE NOVATION NUNCUPATIVE WILL
O
OBSOLESCENCE OCCUPANCY PERMIT  OFFER AND ACCEPTANCE  OFFEROR/OFFEREE  OFFICE OF THRIFT SUPERVISION (OTS)  OPEN-END LOAN  OPEN LISTING  OPTION  OPTION LISTING  OSTENSIBLE AGENCY
P
PACKAGE LOAN  PAROL EVIDENCE RULE  PARTICIPATION MORTGAGE  PARTITION  PARTNERSHIP PARTY WALL  PATENT  PAYMENT CAP  PAYOFF STATEMENT  PERCENTAGE LEASE  PERCOLATION TEST  PERIODIC ESTATE (TENANCY)  PERSONAL PROPERTY  PHYSICAL DETERIORATION  PLANNED UNIT DEVELOPMENT (PUD)  PLAT MAP  PLOTTAGE  POINT OF BEGINNING (POB)  POLICE POWER  POWER OF ATTORNEY  PREPAID ITEMS  PREPAYMENT PENALTY  PRICE-FIXING  PRIMARY MORTGAGE MARKET  PRINCIPAL  PRINCIPAL MERIDIAN  PRIOR APPROPRIATION  PRIORITY  PRIVATE MORTGAGE INSURANCE (PMI)  PROBATE  PROCURING CAUSE  PROGRESSION  PROMISSORY NOTE  PROPERTY MANAGER  PROPERTY REPORTS  PROPRIETARY LEASE  PRORATIONS  PROTECTED CLASS  PUFFING  PUR AUTRE VIE “FOR THE LIFE OF ANOTHER.”  PURCHASE-MONEY MORTGAGE (PMM)  PYRAMIDING
Q
QUANTITY-SURVEY METHOD  QUIET TITLE  QUITCLAIM DEED
R
RANGE RATE CAP RATIFICATION  READY, WILLING AND ABLE BUYER  REAL ESTATE LAND  REAL ESTATE INVESTMENT SYNDICATE  REAL ESTATE INVESTMENT TRUST (REIT)  REAL ESTATE LICENSE LAW  REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC)  REAL ESTATE RECOVERY FUND  REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)  REAL PROPERTY  REALTOR®  RECONCILIATION RECONVEYANCE DEED  RECORDING  RECTANGULAR (GOVERNMENT) SURVEY SYSTEM  REDEMPTION  REDEMPTION PERIOD  REDLINING  REDUCTION CERTIFICATE (PAYOFF STATEMENT)  REGRESSION  REGULATION Z  RELEASE DEED  REMAINDER INTEREST  RENT  RENT SCHEDULE  REPLACEMENT COST  REPRODUCTION COST  RESOLUTION TRUST CORPORATION  RESTRICTIVE COVENANTS  REVERSE-ANNUITY MORTGAGE (RAM)  REVERSIONARY INTEREST  REVERSIONARY RIGHT  RIGHT OF FIRST REFUSAL o RIGHT OF SURVIVORSHIP  RIGHT-OF-WAY  RIPARIAN RIGHTS  RISK MANAGEMENT  RULES AND REGULATIONS
S
SALE AND LEASEBACK  SALES COMPARISON APPROACH  SALESPERSON  SATISFACTION OF MORTGAGE  SECONDARY MORTGAGE MARKET  SECTION  SECURITY AGREEMENT  SECURITY DEPOSIT  SEPARATE PROPERTY  SERVIENT TENEMENT  SETBACK SEVERALTY SEVERANCE SHARECROPPING SHARED-APPRECIATION MORTGAGE (SAM)  SITUS  SPECIAL AGENT  SPECIAL ASSESSMENT  SPECIAL WARRANTY DEED  SPECIFIC LIEN  SPECIFIC PERFORMANCE  SQUARE-FOOT METHOD  STATUTE OF FRAUDS  STATUTE OF LIMITATIONS  STATUTORY LIEN  STATUTORY REDEMPTION  STEERING  STRAIGHT-LINE METHOD  STRAIGHT (TERM) LOAN  SUBAGENT  SUBDIVIDER SUBDIVISION SUBDIVISION AND DEVELOPMENT ORDINANCES  SUBDIVISION PLAT  SUBLEASE  SUBLETTING SUBORDINATION SUBORDINATION AGREEMENT  SUBROGATION  SUBSTITUTION SUBSURFACE RIGHTS  SUIT FOR POSSESSION  SUIT TO QUIET TITLE  SURETY BOND  SURFACE RIGHTS  SURVEY
T
TACKING TAXATION TAX DEED TAX LIEN TAX SALE  TENANCY IN COMMON  TESTATE  TESTATOR TIME IS OF THE ESSENCE  TIME-SHARE  TITLE TITLE INSURANCE  TITLE SEARCH  TITLE THEORY  TORRENS SYSTEM  TRUST DEED  TRUSTEE
U
UNILATERAL CONTRACT  USURY
V
VALID CONTRACT  VARIANCE VOIDABLE CONTRACT  VOLUNTARY ALIENATION  VOLUNTARY LIEN
W
WASTE WILL WRAPAROUND LOAN
Z
ZONING ORDINANCE
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