Real Estate Information
Florida Real Estate Glossary - E
Deposit given by buyer on signing a contract for the purchase of property.
Right to use another's property for access, light, and so on.
Easement that benefits a particular tract of land; generally an access easement or right of way.
Easement given in a deed by the original landowner to provide a means of access for the purchaser of one part of the land.
Easement reserved in a deed by the original landowner to provide a means of access across a purchaser's land.
Easement that arises based on need because of previous use of the property in the same manner when the property was owned in a single tract.
Easement given by circumstances that require it; the property is inaccessible or unusable without it.
An easement that does not benefit a particular tract of land; e.g., utility easements that run through all parcels of land in an area.
EPA standards for release of materials into waterways.
With regard to leases, the right of the tenant to harvest growing crops even after the lease has terminated if the tenant was responsible for growing the crops.
Process of governmental entity taking title to private property for public purposes.
EPA policy of requiring a reduction of other pollution sources in the area to allow the operation of a new plant and source of emissions.
Federal law that affords protection for habitats of species designated as endangered; requires biological evaluation of impact of development and projects on species population.
Provision in contract that provides buyer with the right to rescind the contract if environmental hazards that cannot be cleared arise during the course of a due diligence search.
Report required to be filed when a governmental agency is taking action that will have an effect on the environment; e.g., construction of a dam by the Army Corps of Engineers.
Governmental agency responsible for the enforcement of environmental laws.
Federal law prohibiting discrimination in credit decisions.
Part of the Fifth and Fourteenth Amendments to the Constitution; requires that laws apply equally to all.
Liens created as a result of a mortgage arrangement; also referred to as contractual liens.
Court remedies that require parties to perform certain acts or specifically perform a contract.
Restriction on land use arising because an area has a common scheme or development that puts buyers on notice that particular uses and construction are required or prohibited.
Creative financing technique in which the lender will share in the appreciation of the property and will be entitled to a portion of the equity on sale of the mortgaged property.
Method of syndication in which investors have an interest in the equity in real estate and will earn an investment through equity appreciation.
Professional liability insurance for brokers and agents.
Clause generally in a lease, providing for increasing rent.
Process whereby property of a decedent is given to the state because no heirs are available.
Process whereby details of property transfer, payments, and deed conveyance are handled by a third party.
Contract between buyer, seller, and escrow agent for the closing of escrow on a property transfer.
Zoning that prohibits certain types of businesses, activities, or housing in certain areas.
Listing agreement that requires the seller to pay the commission to the broker only if the listing broker sells the property; the seller may sell the property independently and not be required to pay a commission.
Listing that requires the seller to pay the broker-agent a commission regardless of who obtains a buyer for the property.
Male party responsible for the probate of a decedent's estate pursuant to the decedent's will.
Future interest that is not a remainder and not an interest in the grantor.
Female party responsible for the probate of a decedent's estate pursuant to the decedent's will.
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