Terms & Definitions C-3
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| Constructive Eviction | Action by the landlord, that makes it impossible to remain and therefore effectively terminates the tenancy (as opposed to actual eviction).
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| Construction Mortgage | A mortgage designed to finance the building of a new house or other building.
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| Contract | A legally enforceable agreement between competent parties to perform a certain act for consideration.
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| Contract for Deed | See 'Installment Contract'.
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| Contribution | The appraisal principle, that deals with the amount of increase in value to a piece of property, caused by improvements to the property (may be more or less than cost of the improvement).
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| Conventional Mortgage | A mortgage that is not insured (F H A loan) or guaranteed (V A loan) by the federal government. Includes loans backed by Private Mortgage Companies (P M I).
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| Cooperative Ownership | A form of ownership where stock purchased in a corporation, partnership or trust entities the owner to occupancy of one particular unit.
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| Corporeal | Interest in property, that is tangible such as buildings or trees as opposed to intangible such as an easement or lease.
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| Cost Approach | Method of real estate appraisal, that estimates value by calculating replacement or reproduction cost.
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| Counter Offer | The one receiving an offer (Offeree) responds by offering a new set of terms as a new offer. The original Offeree then becomes the new offeror.
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| Covenant Against Encumbrances | Promises made by the grantor in a warranty deed, that the property is free of all encumbrances not stated in the deed.
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| Covenant of Further Assurance | Promises made by the grantor in a warranty deed, that they will take any future action necessary to correct any title defects.
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| Covenant of Quiet Enjoyment | Promises made by the grantor in a warranty deed, that the grantee will hold the property free from the claims of third parties.
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| Covenant of Right to Convey | Promises made by the grantor in a warranty deed, that they have the right to convey title.
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| Covenants of Seisen | Promises made by the grantor in a warranty deed, that they are in possession and hold title.
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| Covenant of Warranty | Promises made by the grantor in a warranty deed, that they will defend against any claim against the title by a third party.
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| Cul-de-sac | A road with an entry at one end and a circular turn around area at the other end.
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| Curtesy | The right of the husband to share of his wife's estate at the time of her death. (In Mass, curtesy rights are one-third of the wife’s estate at the time of her death).
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| Customer | The third party in law of agency between a principal, and an agent for whom some service is performed. When a seller (principal) hires a broker (agent) to sell a house; the buyer is the customer.
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