Glossary - Words and Terminology used in Commercial Property

EASEMENT
A right of way giving individuals other than the o ...see more

ECONOMIC DEPRECIATION
The decline in value of a property which is ...see more

ECONOMIC LIFE
The length of time an improvement to real estate c ...see more

EFFECTIVE AGE
An appraiser's estimate of the physical condition ...see more

EFFECTIVE GROSS INCOME
1. For borrowers, the actual amount of mon ...see more

EFFICIENCY RATIO
A comparison of the space in a building available ...see more

ENCROACHMENT
The intrusion across the property line and into on ...see more

ENCUMBRANCE
Any right, interest or other claim against land wh ...see more

ENERGY EFFICIENT
A description of a property which has special feat ...see more

ENTERPRISE ZONE
An area with economic problems that has been given ...see more

EQUITY
The difference between the market value of a prope ...see more

ESCALATOR CLAUSE
Part of a net lease. A provision that increases th ...see more

ESCROW
Documents, real estate, money, or securities depos ...see more

EVALUATION
An analysis of a property regarding its potential ...see more

EXCHANGE
The point at which contracts are exchanged between ...see more

EXCLUSIVE LISTING
A written contract in which a licensed real estate ...see more

EXPENSE RATIO
The ratio of total expenses, excluding debt ...see more

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