Real Estate Information
Florida Real Estate Glossary – M
Tax appraisal method that bases value of the property on prices of similar properties.
Form of title generally required to be delivered in the sale of property; property is free from liens and there are no defects in title other than those noted or agreed to.
A trust originated by Massachusetts as a business form for dealing in real estate because state statutes prohibited corporations from doing so; the initial form of real estate syndication.
In a condominium development, the document recorded to reflect the location of the project and the individual units.
Single mortgage document recorded for all loans and referenced to save recording fees.
General plan for zoning.
Large development project that involves construction of all facilities as well as housing.
Lien on property for the amount due for materials furnished to the owner or to others performing work on the land.
Under federal tax law, a method of depreciation.
Term under Clean Air Act Amendments of 1990; establishes standards for pollution control on utilities and other targeted industries for scrubbers and other antipollution devices.
Liens placed on real property to secure amount due to those who performed work or supplied materials for improvements or other projects on the land.
See Metes and bounds.
Method of land description that begins with a permanent object and then through distances and directions describes the parcel of land.
Ownership right to minerals on property; could also be a lease.
Subsurface rights in property; the rights to mine minerals; also known as mineral interest.
Easement across the surface of the land for access to the land.
Giving incorrect or misleading information to a party in contract negotiations or failing to disclose relevant information; inaccurate information that would affect the buying or selling decision.
Real estate investment trust that owns both property and mortgages.
Uniform law on corporations adopted in approximately one-third of the states.
Model act on co-ops.
Model act on time-share real property interests.
Form of remedy for contract or trespass which awards money damages for breach.
Lien on real property used to secure a debt.
Agent who matches borrowers with mortgage companies.
Real estate syndication method that provides investment opportunity in pool of mortgages.
Real estate syndication trust that invests in real estate mortgages.
Lender or party who holds the mortgage lien.
Borrower or party occupying land that is mortgaged.
A listing that appears on more than one broker's inventory of homes.
A specific multiple listing service that is nationwide and to which most brokers subscribe.
Wills of parties that are reciprocal in their distribution; usually based on a contract to make a will; generally enforceable.
Real Estate Information
- Florida Real Estate Info
- Real Estate Buyer’s Guide
- Florida Real Estate Cities
- Find Your Dream Home
- Florida Real Estate Taxes
- Florida Real Estate Glossary
- Useful Florida Links