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Real Estate Terms
Terminology and jargon in real estate.
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TermDefinition
view ordinanceA law adopted by some cities or towns with desirable vistas--such as those in the mountains or overlooking the ocean--that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views.
virtual home tourAny method used to provide internet users with a graphical presentation of a home, or homes. Presentations may include web pages, java applets, streaming video, panoramic images and bubble views.
voidHaving no legal force or effect; legally invalid.
voidableA contract which appears valid and enforceable on the surface, but may be declared invalid by one of the parties, such as a contract entered into by a minor.
waiverThe intentional or voluntary relinquishment of a known claim or right.
walk through(1) A Buyer's on-site inspection of the property being purchased, just prior to closing. (2) A detailed inspection of a new construction home, in which punch list and cosmetic items are addressed, prior to final acceptance.
warranty deedA type of deed that contains express assurances about the legal validity of the title being transferred. See general warranty deed andspecial warranty deed.
writ of executionA court order which authorizes and directs the proper officer of the court (usually the sheriff) to carry into effect the judgment or decree of the court.
zero lot lineA term generally used to describe the positioning of a structure on a lot so that one side rests directly on the lot's boundary line (no set back). Where allowed by zoning and/or deed restrictions, it is used for "patio homes".
zoningExercise of police power of city in regulating and controlling the character or use of property. Zoning laws divide cities into different areas according to use, from single-family residences to industrial plants. Zoning ordinances control the size, location, and use of buildings within these different areas.
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Total terms: 425 / Pending: 0
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