Economic
life The period that a property will yield a return
on the investment, over and above the economic or ground rent
due the land.
Eminent
domain The right of a government to take private
property for public use upon payment of its fair value.
Encroachment
An improvement that intrudes illegally upon another's property.
Encumbrance
Anything that affects or limits the fee simple title to property,
such as mortgages, leases, easements or restrictions.
Equity
In real estate, equity is the difference between fair market
value and current indebtedness, usually referring to the owner's
interest.
Escrow
An account into which a lender deposits a portion of the borrower's
monthly payment that is used to pay property taxes and hazard
insurance premiums as they become due.
Estate
The ownership interest of an individual in real property.
Eviction
The lawful expulsion of an occupant from real property.
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