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E |
| easement |
A right that someone has to use the land belonging to another. An example is a sewerage easement by the water authority across part of a property. |
| encroachment |
Part of a house or establishment illegally overhanging the street or a neighbour's property. |
| encumbrance |
An outstanding liability or charge on a property. |
| equity |
The amount of an asset actually owned. Equity is the difference between the market value of a property and the amount still owed on its mortgage. |
| establishment fee |
Lending body fees which may or may not be charged to set up a loan. |
| estate |
The total of all the real estate and personal property owned by an individual at the time of death. |
| eviction |
The lawful expulsion of an occupant or tenant from real property. |
| exchange of contract |
The legal time when the seller and purchaser swap documentation and start inquiries to settlement. |
| exclusive authority |
A written contract that gives one real estate agent the exclusive right to sell a property in a specified time period. |
