🏠Duplex

A building divided into two separate residences.

💵Earnest Money

A deposit showing a buyer's serious intent to purchase.

🛤️Easement

A legal right to use another's land for a specific purpose.

⚖️Encumbrance

A claim or liability attached to a property.

💎Equity

The difference between a property's value and the mortgage owed.

🤲Escrow

A third-party arrangement holding funds until conditions are met.

🏛️Estate

All property and assets owned by a person.

🚪Eviction

The legal removal of a tenant from rented property.

🏢Facilities Management

The maintenance and operation of commercial buildings.

🔨Fixer-Upper

A property needing significant repairs or updates.

🔄Flip

Buying a property to renovate and sell for profit.

🏚️Foreclosure

The legal process where a lender takes possession of mortgaged property.

✖️Gross Rent Multiplier

A ratio of property price to gross rental income.

🏘️Homeowners Association

An organization governing rules in a residential community.

🏭Industrial Property

Real estate used for manufacturing or warehousing.

📈Interest

The cost of borrowing money expressed as a percentage.

📈Internal Rate of Return

The profitability measure of an investment over time.

🌍Land

A solid surface of the earth that can be owned.

🔑Landlord

A person who owns and rents out property.

📄Lease

A contract granting use of property for a specified period.

🏦Lender

A financial institution that provides mortgage loans.

🪜Leverage

Using borrowed funds to increase potential returns.

🔗Lien

A legal claim against property as security for a debt.

📋Listing

A property offered for sale or rent.

📐Lot

A parcel of land with defined boundaries.

💰Market Value

The price a property would sell for on the open market.

🏠Mortgage

A long-term loan secured by real estate property.

🏢Multi-Family Home

A residential building with multiple separate units.

🗄️Multiple Listing Service

A database of properties shared among real estate agents.

💰Net Operating Income

Income from a property after operating expenses.