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Common Area

Shared spaces in a condominium or development such as lobbies, gardens, or pools maintained for all owners.

by Sukhumalin  July 11, 2025

Deed of Sale

The legal document that confirms the transfer of property ownership from seller to buyer.

by Sukhumalin  July 11, 2025

Encroachment

Unauthorized use or extension onto another person’s property.

by Sukhumalin  July 11, 2025

Property Tax Assessment

The process of valuing a property to determine its taxable value.

by Sukhumalin  July 11, 2025

Tenant

An individual or business that rents property from a landlord or owner.

by Sukhumalin  July 11, 2025

Landlord

The owner of property who leases it to a tenant in exchange for rent.

by Sukhumalin  July 11, 2025

Sublease

A lease agreement where the original tenant rents out the property to another party.

by Sukhumalin  July 11, 2025

Subdivision

A tract of land divided into smaller lots for sale or development, often with shared infrastructure.

by Sukhumalin  July 11, 2025

Land Parcel

A defined piece of land with specific boundaries and legal description.

by Sukhumalin  July 11, 2025

Legal Description

A precise, formal description of a property’s boundaries and location used in legal documents.

by Sukhumalin  July 11, 2025

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Discover the essential real estate terms that will elevate your game and give you the confidence to navigate the market like a pro! Dive in and explore the terms that interest you the most.

Glossary Of Real Estate Lending List

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