Real Estate Terms And It's Meaning. (E)

Neeta Shah

http://aasharealtor.blogspot.com

Easement

A right that someone has to use the land

 belonging to another, eg: a water authority may

 have a sewerage easement across part of your

 property.

Encroachment

Part of a house or establishment illegally 

overhanging the street or a neighbour’s property

.

Encumbrance

An impediment to the use or transfer of the

 property in the form of an interest or right in the

 property.

Equity

The amount of an asset actually owned, Equity is

the difference between the market value of the 

property and the amount still owed on its 

mortgage.

Establishment Fee

See Loan Application Fee

Estate

The total of all the real estate and personal

property owned by an individual at the time of

death.

Eviction

The lawful expulsion of an occupant or tenant 

from real property.

Exclusive Listing/Sole Listing

A written contract that gives a licensed real

estate agent the exclusive right to sell a property

for a specified time.

Executor

A person named in a will to administer an. 

‘Executrix’ is the feminine form.

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