If you are a consumer (a home buyer or a home seller, or just a real estate watcher) you may not be familiar with all of the terms involved in real estate transactions. Realtors® know the terminology, but wouldn't it be great to have that information as a consumer? A "Real Estate Terminology Dictionary" of sorts.
Look no further, here is the next installment of the Real Estate Glossary!
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YEAR-TO-YEAR TENANCY - A periodic tenancy in which the rent is reserved from year to year.
YIELD - The return on an investment or the amount of profit, stated as a percentage of the amount invested.
ZONING - The regulation of structures and uses of property within designated districts or zones. Zoning regulates and affects such things as use of the land, types of structure permitted, building heights, setbacks, and density (the ratio of land area to improvement area).