Glossary

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Lubec Office

Phone:
207.733.5511
877.700.5511 Toll FREE
207.733.4540 FAX
Address:
171 County Road
Lubec, ME 04652
Mailing Address:
Due East Real Estate
PO Box 441
Lubec, ME 04652

Eastport Office

Phone:
207.853.2626
877.853.2626 Toll FREE
207.853.2605 FAX
Address:
183 County Road
Eastport, ME 04631

Calais Office

Phone:
207.454.2525
207.454.2325 FAX
Address:
353 North Street
Calais, ME 04619

Glossary

qualify

To meet a mortgage lender's approval requirements

qualifying ratios

Comparisons of a borrower's debts and gross monthly income

quiet enjoyment

The right of a property owner or tenant to enjoy his or her property without interference. Disruption of quiet enjoyment may constitute a nuisance. Leases and rental agreements often contain a "covenant of quiet enjoyment," expressly obligating the landlord to see that tenants have the opportunity to live undisturbed

quitclaim deed

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, including an actual ownership interest. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. A quit claim deed may also be used to clear up a cloud on the title to the property in cases where there is a question of a possible ownership claim. Compare with grant deed

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