Real
Estate Glossary
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| A | C | D | E | F | G | H | I | J | K | L | M |
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QUADRAPLEX:
A building containing four dwelling
units.
QUALIFICATION RATE:
The rate of interest used to
calculate whether or not a borrower qualifies for a mortgage.
QUALIFICATION REQUIREMENTS:
Those guidelines set
by lenders to be used when deciding whether or not an
applicant will be given a loan.
QUALIFIED ACCEPTANCE:
Also known as "conditional
acceptance". Agreeing to enter a contract provided certain
conditions are met.
QUALIFIED BUYER:
A purchaser who has been
pre-approved for financing.
QUALIFIED FEE ESTATE:
A legal interest in land
which is limited.
QUANTUM:
Literally, the amount.
QUARTER SECTION:
A measurement from the
Government Survey Method, measuring 2,640 feet on each side
and containing 160 acres.
QUIET ENJOYMENT:
The legal right of an owner or
tenant to have uninterrupted use of the property or premises
without interference.
QUIT CLAIM DEED:
A conveyance which releases any
interest the conveying party may have in a property without
any warranty as to that party's claim.