Interest is the cost of borrowing money. When you take out a mortgage, you pay interest on the loan amount. The interest rate is a...

An inspection is a thorough examination of a property by a qualified professional, such as a home inspector, to identify any defects or...

An income property is a property that is purchased and held for the purpose of generating rental income. Examples of income properties...

An improvement is any addition or alteration to real property that enhances its value or usefulness. Examples of improvements include...

An implied warranty of habitability is the unwritten warranty that all rental properties must be livable and meet certain minimum...

Impact fees are charged by a local government to developers to offset the impact of a new development on public services, such as...

A Habendum Clause is the a part of a deed that defines the estate being granted and the heirs or assigns who will inherit it. Would you...

A Home Equity Line of Credit or HELOC is a line of credit that allows homeowners to borrow against the equity in their home. The interest...

A Home Inspection is a visual examination of a home's condition, performed by a qualified professional, to identify any existing or...

A Home Owners' Association (HOA) is an organization that manages a community of homes. HOAs typically have fees that homeowners must pay,...

Homeowners Insurance is a type of insurance that protects homeowners from financial losses caused by damage to their property, as well as...

Highest and best use is the most profitable and appropriate use of a piece of real estate. When considering the highest and best use of a...

In the construction industry, a general contractor (GC), also known as a main contractor, prime contractor, builder, or contractor, plays...

A gain in real estate refers to the increase in the value of a property over a specific period. It's calculated by subtracting the...

A grantor is the person or entity transferring ownership of a property to another individual or entity through a deed. They are...

A gable roof is a common roof style characterized by two sloping sides that meet at a ridge in the middle, forming a triangle shape at...

A gross lease is a type of lease agreement where the tenant pays a flat rental amount and the landlord takes care of all operating...

The Government National Mortgage Association (GNMA), also known as Ginnie Mae, is a government-owned corporation within the U.S....

A FHA Loan is a type of mortgage loan insured by the Federal Housing Administration (FHA). FHA loans are popular for first-time...

Fee Simple is the most complete and unrestricted ownership interest in real estate. With a fee simple title, you have the right to use,...