Real Estate Terms

Quadraplex: A building designed to house four separate families

Qualifying Ratios: Ratios used in qualifying a buyer for a loan. Ratio of monthly housing expense versus monthly income and ratio of monthly debts versus monthly income

Quarter Section: A surveyor term for 160 acres of land

Quiet Enjoyment: An assurance whereby a new owner or renter will enjoy the use of real estate without any defects on the title

Quitclaim Deed: A legal document transferring any interest in a property from one person