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Find a Business or PersonReal Estate Terms - E
Earnest MoneyThat money deposited by the buyer in an offer to purchase real property in order to show good faith in completing the transaction. |
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EasementA right or privilege with respect to real estate. An example is the legal right-of-way that permits an owner to cross another's land so as to get to his or her own property. An easement is appurtenant to the land, which means that it cannot be sold off separately and must be transferred with the title to the land of which it is part. |
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Economic LifeThe period over which property will yield a return on the investment |
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Economic ObsolescenceLoss of useful life and desirability of a property through economic forces, such as changes in zoning, changes in traffic flow, and so on, rather than deterioration. |
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Equity SharingShared ownership of real property. Also known as shared equity, equity participation, equity partnership, and shared appreciation. |
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Escalation ClauseA clause in a lease providing for an increase in rent at a future time because of increased costs to the lessor, as in cost-of-living index, tax increases, and so on. |
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EscheatThe reverting of property to the state in the absence of heirs. |
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EscrowA neutral third party who carries out the provisions of an agreement. |
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Estate(1) An ownership interest in real property. (2) A large home with spacious grounds. (3) A deceased person's property. |
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Estate for GearsAny estate for a specific period of time. A lease. |
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