Letter H Vocab

Question 1

This term is used to define a contract clause translated from Latin that means “To have and to Hold.”

Answer 1

Habendum Clause

Question 2

This term is used to define the optimal use of a property or land which would determine its highest value economically.

Answer 2

Highest and Best Use

Question 3

What does the acronym H.O.A. mean?

Answer 3

Home Owner’s Association

Question 4

This is a term is used to describe that an owner’s primary residence is protected from general creditors if it is called a _______.

Answer 4

Homestead

Question 5

This is a term is used to describe when a developer completes the action to create multiple deeds from a singular deed in order to sell condos.

Answer 5

Horizontal Regime

Question 6

What does the acronym H.U.D. mean?

Answer 6

Federal Department of Housing and
Urban Development

Question 7

This is a term is used to describe the act of pledging of property as security for an obligation OR a loan without losing possession of it.

Answer 7

Hypothecation

This means you stay in the house you hypothecated to the lender.