Home
Information Center
subBuyer Info
subSeller Info
subWorksheet Forms
subFREE Reports
subReal Estate Tips

 Helpful Resources
subGlossary
subCalculators
subMortgage Info
Community Info
About Us
subPrivacy Policy
subSite Map
Contact Us
Links
Advertise Here




Glossary Of Real Estate Terms
A
B
C
D
E
F
G
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z
Glossary H


Habendum Clause:

A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee.

In a deed, a habendum clause usually begins with the words "to have and to hold." Its provisions must agree with those stated in the granting clause.

Hard Cost:
A construction industry term for cost of tangible assets needed to complete construction project.

High Ratio Mortgage:
A mortgage where you have a down payment of less than 25% of the purchase price. This type of mortgage must be insured against default.

Holdback:
An amount of money withheld by the lender during the progress of construction of a house to ensure that construction is satisfactory at every stage. The amount of holdback is generally equivalent to the estimated cost to complete construction. 
HVAC (Heating, Ventilating and Airconditioning):
The mechanical unit or units used for regulating even distribution of heating, ventilating and airconditioning throughout the building. This is the technology of indoor and vehicular environmental comfort.

HVAC is important in the design of medium to large industrial and office buildings where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors.





Back to Glossary



Google