Download our 2026 Guide! Learn more about our available destinations ->

Glossary

Co-ownership terms, explained simply

100 terms covering fractional ownership, real estate finance, and everything in between.

A B C D E F G H I J K L M N O P Q R S T U V W Y Z

A

Absentee Ownership Acquisition Cost Amortization Annual Fees Appraisal Appreciation Assessment Fees Asset Management

B

Beneficiary Breach of Contract Buyback Option

C

Capital Gain Capital Improvements Cash Flow Closing Costs Co-Ownership Agreement Common Areas Condominium Conveyance Covenants, Conditions & Restrictions (CC&Rs)

D

Deed Depreciation Depreciation Recapture Developer Dividends Due Diligence

E

Easement Encumbrance Equity Escrow Account Exchange Programs

F

Fair Market Value Fiduciary Duty Financing Options Fixed Costs Foreclosure Fractional Interest Fractional Ownership Fractional Share

G

General Partnership Governance Gross Income

H

Home Equity Homeowners Association (HOA)Housekeeping

I

Insurance Interval Ownership

J

K

L

Leaseback Leverage Lien Limited Liability Company (LLC)Liquidity Loan-to-Value (LTV) Ratio

M

Maintenance Fees Management Company Market Analysis Market Value Mortgage Broker

N

Net Operating Income (NOI)Non-Recourse Loan

O

Occupancy Rate Occupancy Schedule Operating Agreement Operating Expenses

P

Passive Income Pre-Approval Principal Pro Forma Property Inspection Property Management Property Taxes

Q

R

Real Estate Investment Trust (REIT)Refinancing Rent Roll Resale Value Reserves Return on Investment (ROI)Right of First Refusal Risk Management

S

Securities and Exchange Commission (SEC)Shared Equity Shared Ownership Subletting Syndication

T

Tax Shelter Timeshare Title Title Search

U

Underwriting Usage Rights Utilities

V

Vacancy Rate Vacation Club

W

Warranty Warranty Deed

Y

Z