The Real Estate
Encyclopedia: P-T

In real estate finance, the right of anticipation is the borrower’s right to prepay a loan, in whole or in part, without incurring a penalty. It allows the borrower to satisfy the debt before its scheduled maturity. This right provides flexibility to refinance, sell...

In real estate law, a reversionary interest is a future interest held by a person who has transferred a temporary estate in property but retains the right to regain possession when that estate ends. The interest arises by operation of law and does not require a new...

In real estate law, reversion is the right to future possession or enjoyment of property that remains with the person who created a prior estate, or with that person’s heirs. It arises automatically when a temporary estate, such as a lease or life estate, comes to an...

In real estate transactions, revenue stamps were originally federal tax stamps required on the sale or transfer of real property. They evidenced the payment of a tax based on the consideration paid for the property. Federal revenue stamps have since been replaced by...

In real estate leasing, a revaluation clause is a provision in a lease that requires the leased property to be periodically reappraised. The purpose of the revaluation is to determine the property’s current value. Based on the results of the appraisal, the rent is...

In real estate and investment analysis, return refers to the profit or yield generated from an investment. It represents the financial benefit received relative to the amount invested. Return may be derived from income, such as rent, as well as from appreciation or...

In real estate law, a restriction is a limitation placed on the use of land that prohibits certain activities or uses by the property owner. These limitations are intended to control how the property may be used or developed. Restrictions are commonly created by...

In real estate finance, R.E.S.P.A. stands for the Real Estate Settlement Procedures Act, a federal law enacted to protect consumers in residential real estate transactions. It is designed to promote transparency and fairness in the settlement and closing process....

In real estate property management, a resident manager is an individual responsible for overseeing the day to day operations of an apartment building or residential complex while living on the premises. The role combines management duties with on site presence. A...

In real estate, the term reserves has different meanings depending on context. In a common interest subdivision, reserves refer to funds collected from property owners and set aside for future replacement, repair, and major maintenance of common areas and shared...