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
Part of a house or establishment illegally
overhanging the street or a neighbour’s property
An impediment to the use or transfer of the
property in the form of an interest or right in the
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
See Loan Application Fee
The total of all the real estate and personal
property owned by an individual at the time of
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.
A person named in a will to administer an.
‘Executrix’ is the feminine form.
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