HOME ABOUT CONTACT FEES F. A. Q. GLOSSARY ACRONYMS LAWS LINKS Like any industry, real estate has its own jargon. Some of the terms are peculiar to the Philippines. And a lot of the words may be already familiar to you, but will have a slightly different meaning or emphasis when used by real estate professionals.

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 INCOMPETENT Not capable; Any insane person, or though not insane, is by reason of old age, disease, weakness of mind or any other cause, unable if unassisted to manage and take care of himself or his property properly, and by reason thereof would be likely to be deceived or imposed upon by artful or designing persons. INSTRUMENT A written legal document created to affect the rights of the parties. INTEREST The percentage of a sum of money charged for its use. INTESTATE A person who dies having made no will, or having made a will which is defective in form, in which case, his estate descends to his heirs at law or next of kin. INVOLUNTARY LIEN A lien imposed against property without the consent of the owner, such as special assessments income tax liens, etc. IRREVOCABLE Incapable of being recalled or revoked; Not changeable.