Glossary of Terms
When buying or selling a home, you will encounter many terms that may be unfamiliar. To assist, we have provided this glossary of Real Estate terms.
A B C D E F G H I J K L M N O P Q R S T U V W Z
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.