Real Estate Terminology: E

A legal right to use or cross (right of way) another person's land for limited purpose. A utility's right to run wires or lay pipe across a property is a common example.

An intrusion onto an adjoining property. A neighbor's fence, shed or overhanging roof line that partially or fully intrudes onto your property are examples.

The reversion of property to the state in the event the owner thereof dies leaving no will and heaving no legally qualified heir to whom the property may pass by lawful descent.

An interest in land.

A bar to alleging or denying a fact because of one's own previous actions or words to the contrary.

Rules of behavior made and accepted by business to provide fair and moral practice.

Exclusive Listing:
The giving of the sole right to offer the described property for sale according to the terms of the agency agreement.

Express Authority:
Authority delegated by the principal which clearly sets forth in exact, plain, direct and well-defined limits those acts and duties which the agent is empowered to perform on behalf of the principal, e.g. and exclusive listing.

Taking of private property by the state for public use, with fair compensation to the owner, through the exercise of the right of eminent domain.

For more terminology and jargon check:

Window Coverings

Window Coverings

Window coverings play a leading role in enhancing the style of the interior of your home. They can help set atmosphere and can be both attractive and functional. Window coverings come in variety of styles, colors and materials to help you achieve the look and the coverage you need. Read more...

Seller Info

Seller Info

If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about real estate sale process so you can maximize your chance of a profitable sale by avoiding costly marketing mistakes.

Victoria Park Square - Brantford

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Although not complete, the glossary of real estate terms will help you with some of the more common terms. More...

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