9/6/2010
Agent Login
Glossary
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22 glossary terms found
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Early occupancy
The condition in which buyers can occupy the property before the sale is completed.
Earnest money
Money a buyer gives with an offer to purchase a property. Also called a deposit.
Easement
A right given to a third party to use a portion of the property for certain purposes, such as power lines or water mains.
Effective age
The age of a structure estimated by its condition rather than its actual age.
Effective gross income
Additional income that a lender considers when assessing the loan application of a potential borrower.
Eminent domain
The government's right to condemn private land for public use, such as the routing of a public highway.
Encroachment
Fences or other structures that extend into the property of another owner.
Encumbrance
A claim or lien on a property which complicates the title process.
Endorser
A person who signs over ownership of property to another party.
Environmental impact statement
A government-mandated evaluation of all aspects and effects a development will have on the environment of a proposed site.
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