Real Estate Glossary
From 'Abstract of Title' to 'Walk-up', the arcana of real estate explained.
Browse alphabetically by choosing a letter from the list below.
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| Term | Description | | New Windows: | When a building replaces its windows. The monies for this type of capital expenditure comes from either the buildings reserve fund, a building wide assessment or a maintenance increase. A building will change its windows for a variety of reasons. These include noise abatement, aesthetics, and the ability to keep out silt from the city traffic. | | No Board Approval: | This terminology can refer to two situations: The first is when a prospective purchaser of an apartment does not have to go through the scrutiny of a board approval process when purchasing a co-operative apartment. The second situation is when a prospective renter does not have to go through the board approval process when renting an apartment from a co-operative owner. |
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