Real Estate Glossary

A lease; an interest in land by virtue of a contract for the possession for a definite and limited period of time.

A doctrine which bars one from asserting rights which are inconsistent with a previous position or representation.

An 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.

Latin for "and others".

Latin for "and wife".

A legal proceeding by a landlord to recover possession of leased premises from a tenant due to some breach of the lease contract.

A method of conveying real property by trading with another property.

A written instrument giving one agent the right to sell property for a specified time, but reserving the right of the owner to sell the property himself without the payment of a commission.

A written agreement between owner and agent giving the agent the right to collect a commission if the property is sold by anyone during the term of his agreement.

To complete, to perform, to make, to do, to follow out; to execute a deed, to make a deed, including especially signing; to execute a contract, to perform the contract, to follow out to the end, to complete.