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Real Estate Glossary

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Term                                Description

Balcony:                   

Balloon Payment:   

Building Amenities:        

Built:           

Real Estate Glossary

From ‘Abstract of Title’ to ‘Triple-Mint’, the arcana of real estate explained

Browse alphabetically by choosing a letter from the list below.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

An outdoor space that protrudes from a building and is usually enjoyed for the private use of an apartment owner.

The final payment of a mortgage loan when it is larger than the regular payment. It usually extinguishes the debt.

Each building has something to offer its owners or tenants.  These are called amenities.  Amenities can be basic such as a doorman or as unique as high speed Internet access.  Other  common amenities include garages, valet services, health clubs, pools, recreational rooms, laundry facilities, etc.

Refers to the actual exterior dimensions of a building on a lot.  For instance, a townhouse might be built 20' x 70' on a 20' x

100' lot.  Today, city zoning regulations impose tough

restrictions on how large a new building may be built on a lot.

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