Real Estate Glossary
This glossary was created by a team of real estate professionals. It contains terms regarding real estate buying and selling, home finance, home improvement, as well as legal terms. For your convenience, the glossary is searchable alphabetically.
To meet a mortgage lender's approval requirements
Comparisons of a borrower's debts and gross monthly income
The right of a property owner or tenant to enjoy his or her property without interference.
Disruption of quiet enjoyment may constitute a nuisance. Leases and rental agreements
often contain a "covenant of quiet enjoyment," expressly obligating
the landlord to see that tenants have the opportunity to live undisturbed
A deed that transfers whatever ownership interest the transferor has in a particular
property. The deed does not guarantee anything about what is being transferred,
including an actual ownership interest. For example, a divorcing husband may quitclaim
his interest in certain real estate to his ex-wife, officially giving up any legal
interest in the property. A quit claim deed may also be used to clear up a cloud
on the title to the property in cases where there is a question of a possible
ownership claim. Compare with grant deed