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Real Estate Rental Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E

Ejectment
Action to regain possession or real property. This is a last-ditch effort that is used when there is no relationship between landlord and tenant.

Eminent Domain
The government's right to condemn and acquire property for public use. The government must provide the owner fair compensation.

Endorsement
Signing one's name on the back of a check.

Escrow
A written agreement among parties, requiring that certain property/funds be placed with a third party. The object in escrow is released to a designated entity upon completion of some specific occurrence.

Estoppel Certificate
A legal instrument executed by the one taking out the mortgage (i.e., mortgagor). The owner of a property may require an individual leasing a property to sign an estoppel certificate, which verifies the major points (e.g., base rent, lease commencement and expiration) existing lease between the landlord and tenant.

Eviction (Actual)
Physical removal of a tenant either by law or force.

Eviction (Constructive)
The landlord or his agents disturb the tenant, rendering the leased space unfit for the tenant's previous use.

Eviction (Proceeding)
A legal proceeding by the landlord to remove a tenant.

Exclusive Agency
An agreement in which one broker has exclusive rights to represent the owner or tenant. If another broker is used, both the original and actual broker are entitled to leasing commissions.

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