Real Estate Dictionary
Q
A B CI CII D E F G H I J K L M N O P Q R S T U V W X Y Z
QUAD
See: Quadrant.
QUADRANGLE
In the Government Survey method of describing real property, a square area of land 24 miles square (24 miles on each side or 576 square miles), containing 16 Townships (six miles square) or 576 Sections (one mile square).
QUADRANT
(1) A quarter section of a circle. (2) One of the quarters created by two intersecting roads or streets.
QUADRAPLEX
A building containing four dwelling units.
QUALIFICATION RATE
The rate of interest used to calculate whether or not a borrower qualifies for a mortgage.
QUALIFICATION REQUIREMENTS
Those guidelines set by lenders to be used when deciding whether or not an applicant will be given a loan.
QUALIFIED ACCEPTANCE
Also known as "conditional acceptance". Agreeing to enter a contract provided certain conditions are met.
QUALIFIED BUYER
A purchaser who has been pre-approved for financing.
QUALIFIED FEE ESTATE
An ownership interest in real property that is not absolute. See: Defeasible Title; Fee Tail.
QUANTITY SURVEY METHOD
Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.
QUANTUM
In Latin, "the amount." Term found in legal contracts. Also refers to physics. Generally, the realty business is not directly concerned with quantum physics. Unless they're nerds.
QUARTER
See: Quarter Section.
QUARTER ROUND
A molding which, in cross-section, resembles a quarter circle.
QUARTER SECTION
One quarter of a section. A quarter section (commonly called a quarter) contains 160 acres.
QUASH
To abate, annul, overthrow, vacate, void.
QUASI
Similar to but intrinsically different.
QUASI CONTRACT
A contract created by operation of law where no actual contract exists. The purpose is to avoid unfairness and create a remedy for the injured party.
QUAY
A wharf used for loading or unloading ships.
Queen Anne Style
A Victorian-era style that originated in England during the reign of Queen Anne and was revived in both England and America in the late 19th century.
QUESTION OF FACT
Question as to what actually happened. Determined by physical evidence and decided by a jury in a jury trial.
QUESTION OF LAW
Given the facts, what laws, if any, are applicable; decided by a judge, even in a jury trial.
QUICK ASSETS
See: Liquid Assets.
QUIET ENJOYMENT
See: Covenant of Quiet Enjoyment.
QUIET TITLE
See: Action To Quiet Title.
QUIETUS
Final disposition of a claim or debt.
QUIT CLAIM DEED
A deed operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title in the grantor.
QUOIN
A cornerstone, usually differing in size (and sometimes material) from the rest of the wall, also spelled coign and coigne.