Amenity

Facilities attached to the property

Amortization

Loan principal amortization

Appraisal

Real estate appraisal. Assessing the current value of your home when selling or refinancing.

Breau of Conveyance

Real estate registry office

built-in

Furnishings and equipment

certificate of title

Real estate title deed

closing date

Date of transfer of ownership of real estate

Commission

Real estate agency fees and commissions

Conveyance

不動産の所有権の譲渡

Conveyance tax

A tax levied on the transfer of real estate rights

Counter offer

A buyer makes a counteroffer by amending the terms presented (offer).

Credit history

Credit history. Payment history. This is used to determine interest rates for loans.

Deed

不動産の譲渡証書

Disclosure

Disclosing facts about the property to the buyer

Down payment

down payment

Dwelling

Residences and residential land

EMD

Earnest Money Deposit. A deposit made into escrow when a contract is concluded through RPA.

Easement

Easements. Rights to use other people's land, such as rights of way, mining rights, and sunlight rights.

Equity

The amount remaining after deducting mortgages and other loans from the property price.

Escrow

Third-party escrow: A system or service that handles the procedures until ownership is transferred from seller to buyer.

Eviction

Eviction

Fee simple

Landed property

Floor plan

Floor plan

Fore closure

Mortgage enforcement and seizure

Grandfather clause

Grandfather clauses, clauses that allow exceptions when new legislation is restricted

Grantee

Buyer. The party who receives an interest in real estate.

Grantor

Seller: The party transferring the interest in the property.

Hazard Insurance

Disaster insurance for floods, typhoons, earthquakes, etc.

Homestead exemption

Exemption from seizure of family property. A right and law that protects your real estate from creditors.

HUD1

A list of expenses (closing costs) incurred by the escrow company in transferring the property.

Inheritance tax

Inheritance tax

Interest

Interest, interest, interest rate

Joint tenancy

Joint tenancy. Joint ownership by several owners.

Layout

Floor plan

Lease

Leasing and real estate rental

Lessee

borrower

Lesson

Lender

Leasehold

Land lease

Lender

Real estate lenders

Lien

Lien. A lien is imposed on the debtor's real property.

Listing agreement

A contract signed when selling a property

Mint condition

The property is in excellent condition, like new

MLS

Multiple Listing Service. A property database shared by real estate agents operated by the National Association of Realtors.

Mortgage

Mortgage. A means of obtaining a loan by mortgaging the real estate to be purchased.

mortgage insurance

Insurance to protect the lender from losses when the borrower is unable to pay the remaining balance on a loan

Mortgage loan

Loans secured by real estate mortgages

Notary public

Notary Public: A qualified third party who certifies that a person has duly signed a contract or other document.

Offer

A written statement stating the terms under which the owner of a property will be purchased.

Policy

Insurance policy

Premium

Insurance premiums

Proceeds

The remaining amount after deducting various expenses from the sale price

POF

Proof of Funds. A bank-issued statement showing that you have sufficient funds to purchase a property.

Prorate

The pro rata settlement of real estate taxes, insurance, loan interest, etc. on the settlement date of the real estate purchase.

Purchase price

Purchase price of real estate

Quitclaim deed

Waiver certificate

Real estate tax

Property tax

Recording

registration

Rent

rent

Rental agreement

rental agreement

Retirement village

Elderly housing

Reverse mortgage

A contract to receive an annuity while you are alive, secured by your home

RPA

Abbreviation for Residential Purchase Agreement. A document used in an offer to purchase a private residence.

Second mortgage

Second mortgage

Security deposit

Deposit paid by the tenant

Sewer fee

Sewerage fees

Short sale

Selling the property for less than the loan balance to pay off the loan and having the bank forgive the remaining shortfall

Single family house

Single-family home

Sq ft (square foot)

Unit of area: Square Meter = Sq Ft x 0.093

Subdivision

Subdivision lot

Sublease

A tenant transfers the leasehold to another person

Tenancy by the entirety

Marital joint property rights

Tenancy in common

Joint ownership of real property owned by two or more people, each of whom can inherit or transfer ownership to a third party.

Tenancy in several

Single property. A property with only one owner.

Tenant

A person who rents a house, apartment, or land.

Terminal inspection

Termite inspection. A must for real estate transactions. The seller is responsible for extermination costs.

Title

Real estate property ownership

Title insurance

Real estate title insurance. Insurance that protects the policyholder against losses incurred on title.

Title search

A search of real estate title. A search conducted by a title insurance company of the seller's title to the property.

Transfer fee

Registration fees for name change procedures due to transfer of real estate ownership, etc.

Waiver

A release document stating the intention to voluntarily relinquish or dissolve rights and interests

Warranty deed

A deed of title to real estate. A document in which the seller guarantees to the buyer that the real estate title is free from defects.

Zoning

Areas divided into commercial, residential, industrial, etc. for urban planning purposes