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A listing agreement is a legal contract between a property owner and a real estate agent that outlines the terms and conditions under...

A lien in real estate is a legal claim or charge against a property that serves as security for a debt.  It gives the lienholder the...

A leasehold interest  is a type of property interest that gives a tenant the right to use and occupy a property for a specified period of...

A lease  is a legal agreement between a landlord and a tenant that outlines the terms and conditions of a rental agreement. It typically...

A landlord  is an individual or entity that owns and rents out property to tenants. They are responsible for maintaining the...

In real estate, a "knockdown" typically refers to a property that is in such a poor state of repair that it would be more cost-effective...

A kiosk  is a small, freestanding structure or booth that is used to provide information, sell products, or offer services. They are...

A knowledgeable buyer in real estate is someone who has a good understanding of the market, the property, and the buying process.  They...

In real estate, a kickback is an illegal payment or benefit received by a real estate professional in exchange for referring clients to a...

Key money  is a fee paid by a tenant to a landlord or property owner to secure a lease or rental agreement. This payment is typically...

A junior mortgage is a mortgage that is subordinate to an existing mortgage.  This means that if the property is foreclosed upon, the...

A judgment lien is a legal claim against a debtor's real property that arises when a creditor obtains a court judgment for a debt owed....

Just compensation  is a legal principle that requires the government to pay fair market value for property it takes for public use...

In real estate a joint venture  is a partnership between two or more parties that come together to acquire, develop, own, or manage a...

Joint tenancy  is a form of property ownership where two or more people own a property together. The key characteristic that sets it...

An income property is a type of real estate investment that generates income through rental payments.  It can be any property that is...

In real estate, an improvement refers to any alteration or addition to a property that increases its value or functionality.  This can...

Interest in real estate ownership has been steadily increasing in recent years.  This trend is driven by several factors: Stability and...

Intestate  in real estate refers to the situation where a person dies without a valid will. When an individual passes away intestate, the...