Terms with Category Real Estate
- Cul-De-Sac (Culd, Cldsc) — Abbreviation,
- A dead-end street, often with a broad circle at the end.
- Curable Defect — Definition,
- A problem with a property that can be remedied. Peeling paint is a curable defect, but location in a crime-ridden neighbourhood is not.
- Curb Appeal — Definition,
- The look of a house when viewed from the street.
- Current Market Value (CMV) — Acronym,
- The estimated price determined by the recent sale of similar properties.
- Curtain Wall — Definition,
- A non-lead bearing exterior wall.
- Custom Builder — Definition,
- A contractor that constructs or remodels houses based on plans submitted by the client.
- Custom Home — Definition,
- A house built according to plans from an architect hired by the owner.
- Days on Market (DOM) — Acronym, Very Important,
- The period between listing and sale, or listing and a property being taken off the market.
- Deed (D) — Acronym, Very Important,
- A document that provides title to property and is filed with a country recorder.
➥ Used to transfer ownership of assets, often land or automobiles. - Den — Definition,
- An additional small room within a home often used as an office.
- Deposit — Definition,
- An act of putting a sum of money in to a bank account.
- A sum of money put towards a given transaction. In a property purchase, a deposit signifies the intent to buy, which is paid to the vendor and applied to the principal cost.
- Depreciation — Definition,
- The gradual loss of value of a building or other property because of age or natural wear.
- Depression — Definition,
- A prolonged downturn in the economy and level of business activity.
- Detached (det, detd) — Abbreviation,
- Something that is not affixed to a property.
➥ As in detached garage. - Detached Structure — Definition,
- A building that is not attached to another building.
- Developer — Definition,
- To develop or create something.
- Companies that buy land and put up buildings for rent or sale.
- Dimension Plans — Definition,
- Diagrams that show location of building outlines and other improvements on a lot, but which are not as detailed as blueprints.
- Disclosure — Definition,
- A statement listing potential defects to a property, such as the possible existence of lead paint or radon.
- A statement required by most provinces that requires the creditor to tell the debtor the annual percentage rate, finance charges and other terms of a loan.
- Distress — Definition,
- The right of one party to sell real or personal property belonging to another party to pay unpaid or overdue debt.
- Distressed Property — Definition,
- Property that is in poor condition, or whose owner is in poor financial condition.
- Domicile — Definition,
- A person's permanent residence.
- Draw Mortgage (DM) — Acronym,
- A periodic payment made to a construction contractor or subcontractor as work progresses. A draw is part of a construction mortgage.
➥ See Progress Advance Mortgage (PAM). - Dry Rot — Definition,
- A fungal decay that causes lumber to crumble.
- Drywall — Definition,
- Panels of gypsum plaster wrapped in thin cardboard and attached to the house framing to create interior walls.
- Dual Agency — Definition,
- When a real-estate agent or broker represents both parties in a transaction.
- Dual Agent — Definition,
- A real estate agent who acts for both parties in a property sale.
- Duplex (dup) — Abbreviation,
- One building that contains two housing units.
➥ A two-unit complex. - Early Occupancy — Definition,
- A condition in which the seller allows the buyer to move in before the sale is closed.
- Earnest Money Deposit (EMD) — Acronym,
- Money given by a buyer when making a formal offer to demonstrate that the buyer is serious. Also called a deposit.
➥ A down payment. - Easement — Definition,
- A means by which access or right of way is granted by law if an owner of a property is negligent in restricting access or enforcing trespassing laws for ten years or more.
- Giving persons other than the owner access to or over a property.
6.
Cul-De-Sac -
Detached
Detached
