Glossary of Real Estate Terms

There are 125 entries in this glossary.
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V

Term Definition
Vacancy rate

The whole amount of accessible space compared to the entire inventory of space and expressed as a percentage refers to the "Vacancy rate"

Variable Interest Rate

This refers to a loan interest rate which varies over the term of the loan, generally tied to a fixed index.

Variance

Variance refers to permission which allows a property owner to depart from the literal necessities of a zoning ordinance that, because of special circumstances, cause a unique hardship. The applicant must prove a need or fault.

Vesting

Vesting refers to the names, status and manner in which the title of ownership is held with a fixed interest in a particular parcel of real property. It also refers to the portion of a title report or policy setting forth the above.

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