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Real Estate Dictionary
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qualification rate

The rate used to calculate whether a potential borrower qualifies for a mortgage.

qualification requirements

The guidelines that are set by individual lenders and used to decide whether a potential borrower will be given a mortgage.

qualified acceptance

Agreement (by either party) to enter a contract provided certain conditions are met. Also known as conditional acceptance.

qualified buyer

A potential purchaser who has been preapproved for a mortgage, usually to a certain limit.

quiet enjoyment

The legal right of any tenant or owner to have uninterrupted use of premises or property without interference.

quit-claim deed

A conveyance in which the person doing the conveying is stating that she or he has no interest in a particular property.
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