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Real Estate Glossary

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Earnest Money Deposit or EMD

A nominal sum of money given as a token to the vendor, signifying the assent to a contract of sale. It affirms that the parties have made up their minds to purchase the said property.

Elevation

Artist's impression of the final look of a project.

Encroachment

Part of a house or establishment illegally overhanging the street or a neighbour's property.

Encumbrance Certificate

A report issued by Registrar or Sub-Registrar's office after due verification of the relevant documents certifying that the property in question is free from mortgages, leases, easements or any other kinds of restrictions.

Equity

It is the actual amount of an asset actually owned by you.

Eviction

Expulsion of an occupant or tenant from a real property( lawful).

Executor

A person named in a will to take care of an estate.

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