REAL ESTATE TERMS

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QUANTITY SURVEY: A highly technical process in arriving at cost estimate of new construction and sometimes referred to in the building trade as the "price take-off" method. It involves a detailed estimate of the quantities of raw material (lumber, plaster, brick, cement, etc.,) used as well as the current price of the material and installation costs. These factors are all added together to arrive at the cost of a structure. It is usually used by contractors and experienced estimators.

QUARTER ROUND: A molding that presents a profile of a quarter circle.

QUIET ENJOYMENT: Right of an owner or tenant to the use of the property without interference of possession.

QUIET TITLE: A court action brought to establish title; to remove a cloud on the title.

QUITCLAIM DEED: A deed to relinquish any interest in property which the grantor may have, without any warranty of title or interest.

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