The Real Estate
Encyclopedia: F-J

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....

In real estate law, Foreclosure is the legal process by which a lender enforces a lien against a property due to the borrower’s default on a loan. The purpose of foreclosure is to terminate the borrower’s rights, title, and interest in the property so that it may be...

In real estate finance, a Fixed Rate Loan is a mortgage loan in which the interest rate remains constant for the entire term of the loan. Because the rate does not change, the borrower’s principal and interest payments stay the same throughout the life of the...

In real estate and accounting, a Fiscal Year is a twelve month period used for financial reporting, budgeting, and tax purposes that does not necessarily coincide with the calendar year. It is established by a business or organization based on operational or...

In real estate, a First Refusal Right, also known as a right of first refusal, gives a lessee the opportunity to purchase a property before the owner sells it to someone else. If the owner decides to sell and receives a legitimate offer from a third party, the lessee...

In real estate finance, a First Trust Deed is a legal document that secures a loan by pledging real property as collateral and holds priority over all other trust deeds or voluntary liens against the property. Its superior position means it is paid first in the event...