Your Online Legal Resource Center for Professional Property Management

QUALIFIED ACCEPTANCE - A tentative acceptance based on further conditions; a counteroffer; neither of which is legally binding until all terms are accepted by both seller and buyer.

QUALIFIED BUYER - One who has a good credit rating, adequate down payment, verifiable job and can afford the amount of mortgage payment he has in mind as determined from financial information gathered prior to showing the property.

QUANTITY SURVEY METHOD - An estimated cost of construction based on the amount of labor and materials needed.

QUIET ENJOYMENT - A right of ownership; the right to enjoy property in peace.

QUIET TITLE - A legal action to cease all claims.

QUITCLAIM DEED - A deed that passes on an interest in real property with no warranties attached.

QUORUM - A majority of interested parties needed to vote on rules and regulation; required to establish rules and regulations for condominium subdivision.

QUALIFTYING RATIOS - Lenders compute qualifying ratios to determine how much a potential buyer can borrow.

QUANTITY SURVEY METHOD - An estimated cost of construction based on the amount of labor and materials needed.

QUEEN ANNE STYLE - A Victorian-era style that originated in San Francisco.

QUIT-CLAIM DEED - A document that releases a party from any interest in a piece of real estate.