Easement
- The right conferred to an individual to use another person’s property with his/her formal consent
Effective rent
- The total or gross rent payable per month to the landlord
Effective Age
- The actual standing age of a building assessed by an arbiter
EMI
- Equated monthly installments
Encumbrance Certificate
- A report issued by Registrar of Assurances or Sub-Registrar’s office after due verification of the relevant documents certifying that the property is free from legal hassles
Encroachment
- The physical intrusion of a structure or improvement on the land of another
Equity
- The market value of a asset after deducting outstanding debts and encumbrances
Escalation clause
- A clause in the lease agreement which authorizes auto renewal of the lease period
Estate
- A piece of land, property or real estate owned by an individual or an organization
Executor
- An individual, addressed in the will, having the legal authority to administer a property