Glossary of Terms
- Q
QUADRAPLEX:
A building containing four dwelling units.
QUALIFICATION RATE:
The rate of interest used to calculate whether or not a borrower
qualifies for a mortgage.
QUALIFICATION REQUIREMENTS:
Those guidelines set by lenders to be used when deciding whether
or not an applicant will be given a loan.
QUALIFIED ACCEPTANCE:
Also known as "conditional acceptance". Agreeing to enter
a contract provided certain conditions are met.
QUALIFIED BUYER:
A purchaser who has been pre-approved for financing.
QUALIFIED FEE ESTATE:
A legal interest in land which is limited.
QUANTUM:
Literally, the amount.
QUARTER SECTION:
A measurement from the Government Survey Method, measuring 2,640
feet on each side and containing 160 acres.
QUIET ENJOYMENT:
The legal right of an owner or tenant to have uninterrupted use
of the property or premises without interference.
QUIT CLAIM DEED:
A conveyance which releases any interest the conveying party may
have in a property without any warranty as to that party's claim.
[Back to Top]
[previous] [next] |
