Real Estate Glossary

An easement which does not attach to the land, and is usually given to a quasi-public corporation, such as the electric or phone company.

The period of time over which a property may be profitably used.

A loss in value caused by factors apart from the subject property itself but nonetheless affecting the subject property.

The apparent rather than the chronological age of a property.

Consumer desire for an item coupled with the consumers' financial ability to purchase that item.

Means of leaving property without trespassing the property rights of other surrounding owners.

Trees or crops that are cultivated annually; the rights of a tenant to harvest the annual crop even after his tenancy has ended.

The right of a government to take private property for public use upon the payment of just compensation.

A building or fixture which intrudes partly or wholly upon the property of another.

A claim, line, charge, or liability attached to and binding upon real property which affects or limits the title thereof.