The Real Estate
Encyclopedia: A-E

A bumpable buyer is a prospective purchaser whose offer on a property is accepted subject to the removal of certain contingencies, most commonly a home-sale contingency. Under a bump clause, the seller retains the right to continue marketing the property and accepting...

Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...

Bathrooms Total Integer is a real estate listing field that identifies the total number of bathrooms within a property, expressed as a whole number. This figure typically represents the sum of all full and half bathrooms rounded or reported according to the listing...

A condominium conversion is the process of legally transforming an existing residential property, typically a rental apartment building, into individually owned condominium units. During a conversion, the property is subdivided into separate ownership interests, with...

A Condominium One-Time Capital Improvement Contribution is a nonrecurring fee assessed by a condominium association and paid by a purchaser at the time of a property transfer. The contribution is typically collected during the closing process and deposited into the...

In a condominium, the difference between deeded parking and assigned parking is significant. A deeded parking space is primarily under the control of the unit owner, while an assigned parking space is under control of the homeowners’ association. If parking is...

An avigation easement is a legal property right granting aircraft the ability to pass through the airspace above a parcel of land, typically in proximity to airports, airfields, or designated flight corridors. This type of easement allows aircraft operations that may...

A caravanserai is a historic roadside inn or fortified lodging complex designed to accommodate travelers, merchants, animals, and trade caravans along major overland routes. Originating throughout the Middle East, Central Asia, and North Africa during the medieval...

A cadastral system relates to the official recording, surveying, mapping, and legal definition of land ownership and property boundaries. The term originates from the concept of a cadastre, which is a comprehensive public register documenting parcels of land,...

An azimuth is a directional measurement used in surveying, navigation, and geospatial mapping to describe the angular relationship between a fixed reference point and a line of travel or boundary. Measured in degrees clockwise from true north, azimuths range from 0°...