After an offer is accepted, a deposit is made to the seller by the buyer as a symbol of good faith that you will be following through on buying the property. This deposit can be forfeited if the buyer does not follow through on the purchase. A sum of money tendered by a buyer to a seller that shall form part of a purchase price and becomes a proof of the perfection of the contract. Earnest money is given to the seller if the buyer wants to signify their intent and good faith in the transaction. It tells your seller that you are a committed buyer. Earnest money is usually kept in the escrow account.

A deposit made by the potential home buyer to show that he or she is serious about buying the house. The earnest money deposit is a "good-faith" payment you submit with your offer on a home to show the seller you are serious about proceeding. The earnest money is deposited in an escrow account and will be applied to your closing costs. Sometimes, your lender will want you to bring a receipt for the earnest money deposit along with your sales contract to the initial loan application meeting.

Easement is the legal right to use someone else's land for a specific and limited purpose. When someone is granted an easement, they are legally allowed to use the property, but the property title and ownership remain in the possession of the owner. Created by grant or agreement for a specific purpose, an easement is the right, privilege, or interest which one party has in the land of another. (Example: right of way). The right advantage or privilege which an individual has in land of others, a right of way.

The period over which a property will yield a return on the investment, over and above the economic or ground rent to land. The period over which a property will yield a return on investment.

The potential rent which a property can command, considering rental of similar or comparable properties in the neighborhood.

Effective gross income, or EGI, can be calculated by taking the potential gross income from an investment property, adding other forms of income generated by that property, and subtracting vacancy and collection losses.

When buying a property, there are certain things that qualify a room as “conforming” or “non-comforming.” For example, a basement room with regular windows would be considered a “non-comforming” bedroom. Egress is a way to exit the property, and for a room to be a legal bedroom, it must have two points of egress or exit.

This is a common law term for the civil action to recover the possession of a title to the land. A form of legal action to regain control of real estate and collect for damages.

Eminent domain refers to the right of the government to take private property and convert it to public use. The right of the government to acquire property for necessary public or quasi-public use by condemnation.

Trespass; the building of a structure or construction of any improvements partly or wholly on the property of another. a building or part of a building or obstruction which intrudes or invades a highway, sidewalk or tress passes upon the property of another.