Real Estate Glossary

Virgil Llewellyn
Principal Broker/Owner
Gold Coast Properties, Inc.
125 Baltimore Ave SE Suite A
Bandon, OR 97411
PO BOX: 416
Phone: (541) 297-7071
Office: (541) 347-4533 ext. 3
FAX: (541) 347-5055
Cell: (541) 297-7071
info@bandonrealestate.com

OREGON REAL ESTATE
AGENCY
DISCLOSURE PAMPHLET

Oregon Buyers Advisory

Total dollar amount properties available as of Mar 7, 2010
$12,599,927,657

REAL ESTATE GLOSSARY

qualify

To meet a mortgage lender's approval requirements

qualifying ratios

Comparisons of a borrower's debts and gross monthly income

quiet enjoyment

The right of a property owner or tenant to enjoy his or her property without interference. Disruption of quiet enjoyment may constitute a nuisance. Leases and rental agreements often contain a "covenant of quiet enjoyment," expressly obligating the landlord to see that tenants have the opportunity to live undisturbed

quitclaim deed

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, including an actual ownership interest. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. A quit claim deed may also be used to clear up a cloud on the title to the property in cases where there is a question of a possible ownership claim. Compare with grant deed