The Real Estate
Encyclopedia: F-J

In real estate finance, a Future Advance Clause is a provision in a mortgage or deed of trust that allows the borrower to obtain additional loan funds at a later date. These future advances are secured by the same mortgage or deed of trust and by the same real...

In real estate, Functional Obsolescence refers to a loss in value caused by outdated design, features, or equipment that no longer meet current market standards or buyer expectations. This can occur even if the property is physically sound, due to advances in...

In real estate valuation, Front Foot Cost is a method of determining property value based on a price per linear foot of frontage along a street or roadway. The total value is calculated by multiplying the agreed upon value per front foot by the property’s total...

In real estate, Front Footage refers to the linear measurement of a property along the portion that fronts a street or major roadway. It is typically measured in feet and describes the width of the parcel at the street line. Front footage is commonly used in land...

In real estate, Frontage refers to the portion of a parcel of land or an improvement that directly faces a street or roadway. It is often measured in linear feet and describes the width of the property along the street line. Frontage is an important factor in property...

In real estate law, a Freehold Estate is an ownership interest in property that has an indefinite or potentially unlimited duration. Unlike leasehold estates, a freehold estate is not measured by a fixed term of years. Common examples of freehold estates include fee...

In real estate, Free and Clear refers to property that is owned without any outstanding liens or encumbrances, particularly voluntary liens such as mortgages or deeds of trust. The owner holds full title to the property without obligations to lenders or other...

In real estate law, Fraud is the intentional use of deception or misrepresentation to induce another person to act to their detriment. It involves conduct such as false statements, concealment of material facts, or promises made without the intent to perform,...

In real estate, Forfeiture refers to the loss of money or property rights due to a party’s failure to perform obligations under a contract or agreement. This most commonly occurs when a buyer or tenant fails to meet contractual terms, such as making required payments...

In real estate, Fixtures are items of personal property that have been attached to land or a building in such a way that they are legally considered part of the real property. Common examples include built in appliances, lighting, plumbing, and heating systems....