Real Estate Terms Glossary: H
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q | R | S | T | U-Z
Habendum Clause
The part of the deed beginning with the words "To Have and To Hold" following the granting clause and reaffirming the extent of ownership that the grantor is transferring.
Heterogeneous
Varied, unique, or different in nature. Real estate is said to be heterogeneous in nature since no two parcels are identical in every respect. The opposite of homogeneous.
Highest And Best Use
That use which, at the time of appraising the property, is most likely to produce the greatest net return to the land and/or the building over a given period of time.
Homeowners Association
An organization formed by homeowners in a subdivision or a condominium giving certain homeowners decision-making responsibilities for the welfare of the entire subdivision or condominium.
Homestead
Head of household’s designated residence. The fixed residence of the head of a household including the surrounding land and outbuildings.
Homogeneous
Alike or similar. Although real estate is heterogeneous in nature, some neighborhoods are referred to as homogeneous due to substantial similarities among the houses. The opposite of heterogeneous. Neighborhoods made up of similar and compatible properties.
HUD
A federal cabinet department officially known as the Department of Housing and Urban Development
Each Office is Independently Owned and Operated
© 2004 Century 21 Real Estate Corporation. ® and SM; trademark and service mark of
Century 21 Real Estate Corporation. Equal Housing Opportunity.
© CENTURY 21 Future Builders, Inc. All Rights Reserved.
