Real Estate Glossary and Terminology

 

[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]

 

(H)

 

HIGHEST AND BEST USE PRINCIPLE OF

The use which will bring the optimum or highest returns or advantage as a of a certain time.

HOLD-OVER-CLAUSE

A provision in listing agreement which entitles the broker to commission even when he closed the sale after the period of the authority provided that the buyer was registered by him with the seller and with whom he has negotiated during the period of his authority.

HYPOTHECATE

To give a thing as security without the necessity of giving up possession of it.