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Real Estate Glossary

d

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Deed

The legal document conveying title to a property.

Dejure Possession

Also known as Juridical Possession, it means possession in the eyes of the law.

Depreciation

A decline in the value of a property due to changes in market conditions or by any other issues.

Disbursement

A cash expenditure done for the purpose of settling a debt.

Down payment

Payment term used in the context of the purchase of expensive items ,where a portion of the total amount due is usually given in cash upfront before finalizing a transaction.

Dual Occupancy

A block of land which is zoned in a way that there two separate residences are permitted to be constructed there.

Duplex

It refers to a house with two units while sharing a common wall

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