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  Real Estate Glossary  
 
A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z
 
   
Earnest Money A portion of the down payment delivered to the seller or an escrow agency by the purchaser of real estate with a purchase offer as evidence of good faith and a desire to proceed with the transaction.
Easement A right to use the land of another for a specific purpose such as right of way for utilities (an Incorporeal interest in land). An easement appurtenant passes with the land when sold.
Encroachment A building or some portion of it, or a wall or fence which extends beyond the land of the owner and illegally intrudes upon land of an adjoining owner or a street or alley.
Estate As applied to real estate, the term signifies the equity of interest, share, right, equity, of which riches of fortune may consist in real property . the degree, quantity, nature and extent of interes
Estoppel A legal theory under which a person is barred from asserting or denying a fact because of the persons previous acts or words.
Eviction The forced removal, by legal means, of a tenant from the leased premises.
Exclusive Right to Sell A listing contract under which the owner appoints a real estate broker as his exclusive agent for a designated term to sell the property on the owners stated term, and agrees to pay the broker a commi
Expressway (Freeway) A highway (usually divided) with control of access, and with major streets crossing it at a different grade level. Distinguished for, “toll roads” in that no fee is charged to those using the expressw
Exterior The outside surface of any structure.
Effective Rent The gross rent payable per month by the occupiers which includes the base rent, maintenance charges, imputed costs of loss of interest on security deposit and rental advance. The effective rent indica
Encroachment A fixture, or structure, such as a wall or fence, which invades a portion of a property belonging to another. Solutions range from paying the rightful property owner for the use of the property to the
Equated Monthly Installment or EMI An equated Monthly Installment comprises of a principal component and an interest component. It is that amount paid to the HFI on a monthly basis till the loan is repaid in full.
Equity Linked Mortgage A mortgage whereby the interest on the principal in part or in whole is calculated, usually yearly, by reference on the security. For example, it may reflect annual increase or possible decreases, in
Escalation Clause Specified in lease agreements wherein renewals of lease period are built in. it involves an increment in the base rent at every renewal of a lease agreement and is generally a percentage rate that is
Escrow A trust arrangement by which one or more parties deposit things of value with an authorized third party/ escrow agent in accordance with the terms of a real estate agreement.
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