Wednesday, July 31, 2013

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

Neeta Shah
Neeta Shah


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 

Establishment Fee

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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