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Real Estate Glossary

What does Codicil mean?

This is a supplement or addition to a will, used to make minor changes or clarifications to the original document. A codicil is typically used to make small changes to a will, such as changing the name of a beneficiary or adding a new asset to the estate. In order to be valid, a codicil must be executed with the same formalities as the original will and must be consistent with the terms of the original document.

Application Fee

Assessment Rolls

Assumption Fee

Bridge Loan

Caveat

Co-Insurance

Contemporary Style

Contractor

Effective Age

Equivalent Level Rate (ELR)

Estimated Tax Savings

Grantor

Home Equity Conversion Mortgage

Potential Rental Income

Power of Attorney

Property Line

Quit-Claim Deed

Truth-In-Lending Act

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Artur

Real Estate Assistant