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QUADRAPLEX:
A
building containing four dwelling units.
QUALIFICATION RATE:
The rate
of interest used to calculate whether or not a borrower qualifies for a
mortgage.
QUALIFICATION REQUIREMENTS:
Those guidelines set by lenders to be used when deciding whether or not
an applicant will be given a loan.
QUALIFIED ACCEPTANCE:
Also
known as "conditional acceptance". Agreeing to enter a contract provided
certain conditions are met.
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in Chicago
QUALIFIED BUYER:
A purchaser
who has been pre-approved for financing.
QUALIFIED FEE ESTATE:
A
legal interest in land which is limited.
QUANTUM:
Literally, the
amount.
QUARTER SECTION:
A
measurement from the Government Survey Method, measuring 2,640 feet on
each side and containing 160 acres.
QUIET ENJOYMENT:
The legal
right of an owner or tenant to have uninterrupted use of the property or
premises without interference.
QUIT CLAIM DEED:
A
conveyance which releases any interest the conveying party may have in a
property without any warranty as to that party's claim
