Dictionary

Definition:  Local codes that regulate maintenance and sanitation of public places. Pronunciation:  \ˈhelth\ \ˈȯrd-nən(t)s, ˈȯr-də-nən(t)s\ Used in a Sentence:   The health ordinance mandated the...

Definition:   A property insurance policy that indemnifies against loss resulting from physical damage to property due to hazards such as fire, flood and windstorm. Pronunciation:  \ˈha-zərd\\in-ˈs...

Definition:   A protected class as defined in the Fair Housing Act and the American with Disabilities Act consisting of a physical or mental impairment that substantially limits one or more major l...

Definition:   A provision in a deed to real property that stipulates the estate or interest the grantee is to receive and the type of title conveyed. Pronunciation: \həˈbendəm\\ˈklȯz\ Used in a Se...

Definition:   a right granted a sales associate or broker associate to work various properties owned by affiliated entities under one owner developer. Pronunciation:   \ˈgrüp\ \ˈlī-sən(t)s\ Used in...

Definition:    A lease of land alone, sometimes secured by improvements placed on the land. Pronunciation:   \ˈgrau̇nd\ \ˈlēs\ Used in a Sentence:   We signed a ground lease for the property we wan...

Definition:   A rule of thumb for estimating the market value of income-producing residential property. Pronunciation:   \ˈgrōs\ \ˈrent\\ˈməl-tə-ˌplī(-ə)r\ Used in a Sentence:   The agent used the ...

Definition:  A lease of property in which the lessee pays a fixed rent and the lessor pays all of the expenses associated with the property. Pronunciation:   \ˈgrōs\ \ˈlēs\ Used in a Sentence:   We...

Definition:  a rule of thumb for estimating the market value of commercial and industrial properties,  the ratio to convert annual income into market value. Pronunciation:   \ˈgrōs\\ˈmär-kət\\ˈməl-...