Q

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.

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.