Browse the glossary using this index
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EARNEST MONEYInitial payment made by purchaser of real estate as evidence of good faith. | |
EASEMENTA right, privilege or interest which one party has in the land of another. | |
EASEMENT APPURTENANTAn easement that is attached to and runs with the land; it cannot exist apart from the particular land to which it is attached. | |
EASEMENT BY PRESCRIPTIONA method of acquiring a right to a portion of property by lapse of time, in the manner of adverse possession. | |
EASEMENT IN GROSSAn easement which does not attach to the land, and is usually given to a quasi-public corporation, such as the electric or phone company. | |
ECONOMIC LIFEThe period of time over which a property may be profitably used. | |
ECONOMIC OBSOLESCENCEA loss in value caused by factors apart from the subject property itself but nonetheless affecting the subject property. | |
EFFECTIVE AGEThe apparent rather than the chronological age of a property. | |
EFFECTIVE DEMANDConsumer desire for an item coupled with the consumers' financial ability to purchase that item. | |
EGRESSMeans of leaving property without trespassing the property rights of other surrounding owners. | |