Real Estate Information
Florida Real Estate Glossary – F
Federal law requiring disclosures, billing practices, and rights in consumer credit transactions.
Federal agency that regulates savings and loan institutions.
Federal law regulating the manufacture, containment, labeling, transportation, and use of pesticides.
Federal agency that regulates VA/FHA loans and lending practices.
Part of the 1990 amendments to the Clean Air Act that requires the imposition of federal standards in the event states fail to meet deadlines and requirements for their SIPs.
Government corporation that purchases mortgages on the market.
Federal law that was the first anti-water pollution law with enforcement and details.
Originally the agency responsible for developing and enforcing water pollution control; merged into EPA in 1975.
An inheritable interest in land.
In oil and gas ownership, owner owns both the surface and subsurface rights.
Highest land interest; full title; right to convey or transfer by will or mortgage without restriction.
Another term for a fee simple.
A fee simple estate that can be lost by violation of a condition or use restriction placed in the transfer by the grantor.
Full title to land so long as certain conduct is avoided; e.g., "To A so long as the premises are never used for a bar."
Full title provided that there is compliance with a condition; e.g., "To A upon the condition that the property is used for school purposes."
Full title restricted in its passage to direct descendants of the owner.
Provision in United States Constitution that provides guarantee of due process.
Federal law that followed the savings and loan debacle; implements controls on bank lending practices on real estate, including appraisals.
Document filed to protect a security interest; must contain information about the parties and a description of the collateral.
In shopping center and commercial leases, rental standard of paying net rent (after utility costs or other fees specific in lease).
Personal property that becomes attached to and is so closely associated with real property that it becomes a part of the real property.
Clause in a construction contract that does not require the general contractor to pay subcontractors and suppliers until the owner has paid the general contractor.
Action by landlord for rent; requires tenant to pay or be evicted by court order.
Process of selling mortgaged property to satisfy the debt owed by the defaulting mortgagor.
Creditor's remedy of sale by providing public notice; used in deeds of trust.
Loss of rights;in a contract for deed, the loss of all interest in the property for nonpayment.
Application of due process rights to the states (including the Equal Protection Clause), which requires uniform application of laws and nondiscrimination; applied in cases in which land conveyances attempt to include racial restrictions.
Vegetation that grows on property as result of work of owner or tenant; i.e., crops.
Vegetation that grows naturally on property; not the result of efforts of the owner or tenant.
See Federal Water Pollution Control Administration (FWPCA).
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