Real Estate Dictionary

Click a term to read that definition.

A

abatement
adjustment
agency
agent
Agreement of Purchase and Sale
amendment
amortization
asking price
attached house → see town house

B

breach of contract
Buyer Representation Agreement

C

chattel
closing date
common elements
completion date → see closing date
condition
condition precedent
condition subsequent
condo → see condominium
condominium
Confirmation of Co-operation and Representation
consumer report → see credit report
covenant
credit rating → see credit report
credit report

D

deed → see transfer
default
deposit
detached
discharge
disclosure

E

easement
encroachment
encumbrance

F

FINTRAC
fixture
freehold

H

holding tank

I

irrevocability

L

land transfer tax
lien
Listing Agreement
listing price → see asking price

M

market value
mortgage
mortgage loan

N

notice of fulfilment

O

offer to sell
open house

P

personal property → see chattel
PIPEDA
POS → see power of sale
power of sale

Q

quad → see quadruplex
quadruplex

R

real property → see fixture
realtor → see agent
renege
rental items
requisition date
row house → see town house

S

semi-detached
septic system
septic tank → see septic system
showing
spousal consent
status certificate
subdivision agreement
survey

T

term
title search
town house
townhouse → see town house
transfer

U

UFFI
upgrade
Urea-Formaldehyde Foam Insulation → see UFFI

W

WETT
Wood Energy Transfer Technology → see WETT

If you'd like more information, or if you have a question that's not covered here, please ask me — I'll be happy to help.

peter@peterbottcher.ca — Office: 905-793-9233 — Cell: 416-629-8548

Home to Home Realty Inc., Brokerage — 23 Epsom Downs Drive, Brampton, ON L6T 1Y7
Ph: 905-793-9233 — Fax: 905-799-6164
Not intended to solicit those already under contract with a brokerage

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