A measure of cash flow to cover debt payments, used by lenders to assess risk.

A borrower voluntarily transfers property to the lender to avoid foreclosure.

The initial upfront payment made when buying property, with the remainder financed.

The time allowed to investigate a property before completing a purchase.

A right attached to a parcel that allows use of another parcel, transferring with the land.

The perceived age of a property based on condition and updates, not actual years since built.

A formal agreement allowing one property owner’s improvement to extend onto another’s land.

The increase in property ownership value as mortgage principal is paid down.

A listing agreement giving one broker the sole right to sell a property for a period.

The expected rental price in an open market under normal conditions.