Real Estate Terminology: T to U

Any financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a government or the functional equivalent.

Ownership of land by two or more persons; unlike joint tenancy in that interest of deceased person does not pass to the survivor, but is treated as an asset of the deceased's estate.

One who occupies land or tenement under a landlord.

A system of land holdings for a temporary time period.

In a mortgage "term" is the actual length of time for which the money is loaned.

The means of evidence by which the owner of land has lawful ownership therof.

To convey from one person to another.

Transfer Taxes:
Payment to the provincial government for transferring property from the seller to the buyer.

Urea Formaldehyde Foam Insulation is a isulation material once used to conserve energy by sealing crawl spaces, attics, etc.; UFFI is no longer used because emissions were found to be a health hazard. A general consensus now minimizes UFFI as a serious health concern, but try to be informed and do your own research.

Useful Life:
The period over which a structure or component may reasonably be expected to perform the function for which it was designed or intended.

For more terminology and jargon check:

Buyer Info

Buyer Info

Since choosing a right property to buy starts with needs and desires and finishes with a sizable portion of your earnings used for paying for it, it's important to ensure that the property you choose both meets your needs and is a good "fit" with your financial situation.

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

Real Estate & Related Info


Location is an investment too and can also affect property values and property taxes. More...


Learn how to take advantage of government programs available to first-time home buyers. More...


Knowing what to expect will help you make an informed decision about the value and the future upkeep. More...

Closing Cost

Don't forget closing costs; they vary greatly by location and they are also relative to your house price. More...

Moving Tips

Pack a box of items that will be needed first at the new house. Clearly mark this box "Load Last." More...


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

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