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| Qualified Fee | An estate in fee which is subject to certain limitations imposed by the owner. |
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| Qualified Intermediary | Intermediary is the company who acts as the accommodator in the exchange. A qualified intermediary is identified as follows: 1) Not a related party to the Exchanger, (e.g. agent, attorney, broker, etc.); 2) Receives a fee; 3) Acquires the relinquished property from the Exchanger; and 4.) Acquires the replacement property and transfers it to the Exchanger. |
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| Quantity Survey | A method of estimating construction cost or reproduction cost; a highly technical process used in arriving at the cost estimate of new construction and sometimes referred to in the building trade as the price take-off method. |
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| Quiet Enjoyment | The right of a new owner or a lessee legally in possession to uninterrupted use of the property without interference from the former owner, lessor or any third party claiming superior title. |
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| Quiet Title Action | A circuit court action intended to establish or settle the title to a particular property, especially where there is a cloud on the title. |
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| Quitclaim Deed | A deed operating as a release that is intended to pass any title, interest, or claim that the grantor may have in the property, but not containing any warranty or professing that such title is valid. |
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