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Glossary E

Stack #179839

QuestionAnswer
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.
Created by: jayjuss