🔑Occupancy

The use or possession of a property.

🏠Open House

An event where a property is shown to potential buyers.

🗺️Parcel

A specific tract of land identified for ownership.

📄Permit

Official authorization required before construction begins.

📦Personal Property

Movable assets owned by an individual or entity.

📁Portfolio

A collection of properties owned by an investor.

🏛️Principal

The original amount of money borrowed in a mortgage.

🏠Property

Anything owned by a person, including land and buildings.

🔧Property Management

The operation and oversight of real estate rentals.

🧾Property Tax

A tax levied on the value of a property.

🏢Real Estate Investment Trust

A company owning income-producing real estate.

🏡Real Property

Land and anything permanently attached to it.

🛠️Remodeling

Changing the structure or style of a property.

🔧Renovation

The process of improving or restoring an existing building.

💵Rent

A periodic payment for the use of a property.

📈Rental Yield

The annual income from a property as a percentage of its value.

🔐Security Deposit

Money held to cover potential damage by a tenant.

🏷️Seller

A person offering a property for sale.

🏷️Seller's Market

A market favoring sellers with high demand and rising prices.

📉Short Sale

Selling a property for less than the mortgage owed.

🏠Single-Family Home

A detached residential building for one family.

✂️Subdivision

Dividing land into smaller lots for development.

🧑‍💼Tenant

A person who occupies rented property.

📜Title

The legal right to own and use a property.

📜Title Company

A firm that verifies property ownership and handles closing.

🛡️Title Insurance

Coverage protecting against defects in property title.

🔍Title Search

Examining public records to confirm property ownership.

🏘️Townhouse

A multi-story home sharing walls with adjacent units.

📊Vacancy Rate

The percentage of unoccupied rental units.

🌾Vacant Land

A property with no buildings or structures.