Real Estate Glossary: I
Illegal View (Quebec) Any exterior opening or opening in a structure or building that creates an illegal view of adjoining lands. Income Approach – Evaluation A step in the valuation […]
Tag Archives: RE Glossary
Real Estate Glossary: H
Hectare An area equal to 100 meters by 100 meters High-Ratio Mortgage A mortgage loan higher than 80% of the lending value of the property. Such types of mortgages may […]
Real Estate Glossary: G
Gable A triangular wall enclosed by the sloping ends of a ridged roof or a triangular decorative feature Gable roof A ridged roof that forms a triangle at each end […]
Real Estate Glossary: F
Financing Means used by a buyer to acquire an immovable. Financial resource, often in the form of a mortgage loan provided to the buyer by a financial institution for the […]
Real Estate Glossary: E
Easement Restriction of the right of ownership for reasons of private interest, general interest or public use. Right of access or use of land by others, for a defined purpose […]
Real Estate Glossary: C
Cadastral designation Information concerning an immovable (location, area, value, etc.), contained in the cadastre for a given region. Cadastre Public register containing the technical data on each immovable in a […]
Real Estate Glossary: D
Deposit A sum of money that accompanies a promise to purchase an immovable. The deposit must be placed in a trust account and will be deducted from the balance payable […]
Real Estate Glossary: B
Brokerage Contract Agreement under which a person authorizes real estate broker to act for a given period of time, as intermediary in the purchase, sale, rental or exchange of immovable […]
Real Estate Glossary: M
Maturity Date: The last day of the term of the mortgage. On this day, the mortgage loan must either be paid in full or the agreement renewed. Mortgage: Security for […]
Real Estate Glossary: A
Act of sale A contract, usually drawn up by a notary, usedto officialize the sale of an immovable to a buyer. Amortization Period required to pay back a mortgage loan […]
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