Real Estate and Property Management Dictionary
Words N Terms is the leading free online Dictionary and Thesaurus made up of an extensive database of words, terms and phrases used in Real Estate contracts and rental home and apartment leases. Supplying trustworthy, extensive definitions; Words N Terms is beneficial to every tenant, landlord, Property Manager or Real Estate Agent. Words N Terms Dictionary and Thesaurus is updated regularly with word definitions written in simple language to aid in strengthening your knowledge and understanding of the Real Estate business.Click on any letter to find all words in our real estate dictionary that begin with that letter.
Improvement
A change to a property that adds value and prolongs its use or adapts it to a different use.
Indemnify
To protect against loss or injury against another and to pay damages for an injury suffered or a loss sustained. To pay an individual due to damage, loss or an expense incurred and to guard or secure against any anticipated loss; give security against future damages or liability.
Injury
Damage or harm done to or suffered by a person or thing: A particular form of hurt, damage, or loss: Law Violation of the rights of another party for which legal redress is available.
Inspection Fee
A fee paid to a professional to determine the physical condition of a home, and to supplement the information in the appraisal report, is often required by the lender.
Insurance
The act, business, or system of insuring. The state of being insured. A means of being insured. Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid. The sum or rate for which such a contract insures something. The periodic premium paid for this coverage. A protective measure:
Interpretation
The act or process of interpreting. A result of interpreting.
Interpreter
One who translates orally from one language into another.
Inventory
Goods held for sale or materials to be used in the manufacture of goods held for sale.
IROMA
Idaho Rental Owners and Managers Association. IROMA is a non-profit trade association. IROMA member properties range from single family homes to large apartment communities in all price ranges. IROMA promote education and professionalism in the rental housing industry.
Located in Boise, Idaho
NOTICE: The terms found on this site are defined in real estate or rental home context and may have completely different meanings in other contexts. For a precise definition, you are advised to seek legal counsel.
Words n Terms.com is a service of Mountain Ridge Property Management
