Real Estate Glossary - real estate terms beginning with "Q"

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.

Real Estate Glossary, Abbreviations, Terms, and Phrases