Sunday, May 19, 2024, 6:30 AM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
E
ESCALATION CLAUSEThe clause in a mortgage which permits the holder to increase or decrease the interest rate during the term of the mortgage. |
ESCHEATThe reverting of property to the state when heirs capable of inheriting are lacking, or the property is abandoned. |
ESCROWThe deposit of instruments and funds with instructions to a third neutral party to carry out the provisions of an agreement or contract. |
ESTATEThe degree, quantity, nature and extent of interest a person has in real property. |
ESTATE FOR YEARSA lease; an interest in land by virtue of a contract for the possession for a definite and limited period of time. |
ESTOPPELA doctrine which bars one from asserting rights which are inconsistent with a previous position or representation. |
ESTOPPEL CERTIFICATEAn instrument executed by the mortgagor to the assignee upon the sale of the mortgage, setting forth the present status of the mortgage and attesting to its validity. |
ET ALLatin for "and others". |
ET UXLatin for "and wife". |
EVICTIONA legal proceeding by a landlord to recover possession of leased premises from a tenant due to some breach of the lease contract. |