A form of corporation that meets the IRS tax requirements under Subchapter C of the Internal Revenue Code. It is also known as "C corporation" or "C-Corp".

Creates or re-establishes, marks, and defines boundaries of tracts of lands.

A clause in a mortgage which allows the lender to demand payment of the outstanding balance at a specific time.

Constructed channel filled with water used for navigation, irrigation, or drainage

A projecting beam or overhanging portion supported at one end only

A deep, narrow valley with high steep slopes or cliffs

The percentage return on an investment before mortgage payments and income taxes. Cap Rate Formula: Net Operating Income (NOI) / Market Value x 100.

A narrow piece of land projecting into the water

A single-story house style made popular in New England. Often characterized by a steep roof with gables.

The taxable profit derived from the sale of a capital asset

Any structure which is erected as a permanent improvement to real property; any improvement which is made to extend the useful life of a property, or to add to the value of the property

A mathematical process for converting net income into an indication of value, commonly used in the income approach to appraisal

Refinancing a mortgage at a higher amount than the current balance in order to transform a portion of the equity into cash.

Specifically, refers to the land area where precipitation falls. In practical use, it means the same thing as "watershed".

A hollow place inside the earth

Latin for "buyer beware". This phrase means that the buyer is responsible for verifying any and all claims by the seller; a prospective vendee of real property should observe and practice due diligence.

A large cave, usually room size or larger

A unit of length used in the metric system that is equal to 1/100 (0.01) meters. One (1) centimeter (cm) is equal to 0.3937 inches (in). For more information, see Centimeter equivalents and conversions or the various Converting centimeters to ... entries.

One (1) centimeter (cm) is equal to 0.3937 inches (in).
One (1) centimeter is equal to 0.01 meters (m).
One (1) centimeter is equal to 0.00001 kilometers (km).
One (1) centimeter is equal to 0.0328 feet.
One (1) centimeter is equal to 0.0497 links.
One (1) centimeter is equal to 0.0109 yards.
One (1) centimeter is equal to 0.002 rods, poles, or perches.
One (1) centimeter is equal to 0.0005 chains.
One (1) centimeter is equal to 0.00005 furlongs.
One (1) centimeter is equal to 0.000006 miles.
See the various Converting centimeters to... entries for conversion examples.

Document issued by the Veterans Administration that certifies eligibility for a VA loan.

Document certifies that a building complies with all building codes and is safe for use or habitation. Issued by approiate juristictional authority.

A document issued by the Veterans Administration detailing a property's current market value estimate, based upon a VA approved appraisal.

1. Document designating the legal owner of a parcel of real property and the state of its title, provided by a title company.
2. An opinion issued by a title examiner or attorney that the title to a particular property is clear and marketable.
3. Document issued by the Registrar of Titles for real estate registered under the Torrens system, which is considered conclusive evidence of the present ownership and state of the title to the property described therein.

A check which the bank guarantees to be good, and against which a stop payment is ineffective

A professional property manager who has qualified for membership in and is a member of the Institute of Real Estate Management, and is designated a CPM