A B C D E F G [H] I J K L M N O P Q R S T U V W X Y & Z
Habendum clause – That part of a deed beginning with the words “to have and to hold,” following the granting clause and defining the extent of ownership the grantor is conveying.
Heir – One who might inherit or succeed to an interest in land under the state law of descent when the owner dies without leaving a valid will.
Heterogeneity – Also known as nonhomogeneity, or the uniqueness of land.
Highest and best use – The possible use of a property that would produce the greatest net income and thereby develop the highest value.
Holdover tenancy – A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant’s continued occupancy as defined by state law.
Holographic will – A will that is written, dated, and signed in the testator’s handwriting.
Home equity loan – A loan (sometimes called a line of credit) under which a property owner uses his or her residence as collateral and can then draw funds up to a prearranged amount against the property.
Homeowner’s insurance policy – A standardized package insurance policy that covers a residential real estate owner against financial loss from fire, theft, public liability, and other common risks.
Homestead – Land that is owned and occupied as the family home. In many states a portion of the area or value of this land is protected or exempt from judgments for debts.
Hypothecate – To pledge property as security for an obligation or loan without giving up possession of it.
