In real estate, the term can refer to the duration during which a lease is effective or the maturity period of a loan such as a mortgage. Understanding the implications of the term is crucial for both lessees and borrowers.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!