PMI
See private mortgage insurance.
See Topic: Real Estate Consumer Rights
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Tag: real estate
homestead
homestead
(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors as long as it is occupied as a home by the head of the household. After the he
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condemnation
title insurance
title insurance
Insurance issued by a title company that protects a property owner against loss if it is later discovered that title is imperfect.
See Topic: Real Estate
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net lease
net lease
A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord’s operating costs as well. When all three of the usual costs–taxes, maintenance and
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gross lease
gross lease
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord’s operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residen
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CC&R
title company
title company
A company that issues title insurance.
See Topic: Real Estate
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multiple listing service MLS
multiple listing service (MLS)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor
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