Property Glossary

Below, is a comprehensive list of Real Estate terms, which will be updated regularly. Readers are encouraged to become familiar with the terminologies used in context of Real Estate Transactions.

The process of making an estimate of the worth of real property or other assets for a particular purpose like purchase, sale, audit, rating, compulsory purchase or taxation.

A variance is a deviation from the set of rules a municipality applies to land use and land development, typically a zoning ordinance, building code or municipal code.