| Question |
Answer |
| Earnest Money |
Down payment made by a purchser of real estate as evidence of good faith. |
| Easement |
A right that may be exercised by teh public or individuals on, over or through the land of others. |
| Economic Life |
The period over which a property wil yield the investor a return on an investment. |
| Economic Obsolescence |
Lessened desirability or useful life arising from economic forces, such as changes in optimum land use, legislative enactments which restrict or impair property rights, and changes in supply-demand ratios. |
| Ejectment |
A form of action to regain possesion of real property, with damages for unlawful retention; used when there is no relationship of landlord and tenant. |
| Eminent Domain |
A right of the government to acquire property for necessary public use by condemnatio; the owner must be fairly compensated. |
| Encroachment |
A building, part of a building, or obstruction which intrudes upon or invades a highway or sidewalk or trespasses upon the property of another. |
|
Any right to or interest in the land interfering with its use or transfer, or subjecting it to an obligation. (Also Incumbrance) |
|
An act of signing one's name on the back of a check or note, with or without further qualifications. |
| Equity |
|
|
Junior loan based on a percentage of the equity. |
500 Words
