The Real Estate
Encyclopedia: A-E

Excess condemnation sounds like a bad thing, but it's actually meant to benefit homeowners whose land is condemned. Excess condemnation occurs when a government or other public authority takes more private property through eminent domain than is strictly necessary to...

A bullet loan may sound a bit violent, but don't worry, there's no need to call emergency services (unless you count your stock broker as an emergency contact). A bullet loan is a type of loan in which the borrower makes relatively small payments, consisting only of...

Allodial title is a form of land ownership in which the owner holds property independently, without owing rent, service, or other obligations to a superior landlord. This is a type of land ownership almost no one will ever experience. Allodial title is very rare for...

What is a condominium conversion? Does this mean you can convert a condominium into whatever you want? It sure doesn't! Condominium conversion refers to the process of changing an existing building, such as an apartment complex, hotel, or other multi-unit property,...

What is "Condominium parking tandem" in a real estate listing? Is this some kind of tandem bicycle parking? Nope! This refers to a parking arrangement in which two or more vehicles are parked one behind the other in the same parking space or parking area. Unlike...

What does "Condominium Deck Avail" mean in a real estate listing? Great question! Condominium deck availability indicates whether a condominium unit includes a private or exclusive-use deck, balcony, patio, or similar outdoor living space. In condominium listings,...

What is deeded storage? Is it a more intense form of storage? Yes and no! Deeded storage refers to a storage unit that is legally owned as part of a property's real estate interest. If a storage unit associated with a condominium is not deeded, it is usually assigned...

What is a condominium storage tax? Is it just another fun way to pay more taxes? The answer is: kind of! Condominiums often have storage units, and these units may be legally part of the condominium itself, not a separate property that can be bought or sold...

Corporeal Hereditaments are inheritable interests in real property that have a physical, tangible existence. The term comes from traditional English common law and refers to land and anything permanently attached to it that can be owned, occupied, transferred, and...

Ancient Mortgages are old mortgage loans that have remained on the public record long after they were likely paid off or otherwise satisfied, often because no formal release or satisfaction was ever recorded. These mortgages may date back several decades, and in some...