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Sheila Moon, Principal Broker/e-PRO/Realtor
Dually Licensed in California and Oregon
Cell: 541-404-4100,
Residence: 541-347-5154
Office: 541-347-5288
325 2nd Street, Bandon ,OR 97411

OREGON REAL ESTATE
AGENCY
DISCLOSURE PAMPHLET


    Glossary

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qualify
To meet a mortgage lender's approval requirements
   
qualifying ratios
Comparisons of a borrower's debts and gross monthly income
   
quiet enjoyment
The right of a property owner or tenant to enjoy his or her property without interference. Disruption of quiet enjoyment may constitute a nuisance. Leases and rental agreements often contain a "covenant of quiet enjoyment," expressly obligating the landlord to see that tenants have the opportunity to live undisturbed
   
quitclaim deed
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, including an actual ownership interest. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. A quit claim deed may also be used to clear up a cloud on the title to the property in cases where there is a question of a possible ownership claim. Compare with grant deed
   

 

 

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