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Real Estate Terms - S

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Sale-Leaseback

A sale and subsequent lease of the same property from the buyer back to the seller.

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Savings and Loan Association

An institution that retains deposits for savers and lends out these deposits primarily for home loan.

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Secondary Financing

A junior loan or a loan second priority to a first mortgage or trust deed.

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Security Deposit

Money given to a landlord by the tenant to secure performance of the rental agreement.

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Sellers's Market

A time when there are more buyers than sellers.

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Separate Property

Property owned by husband or wife that is not community property. Property acquired before marriage or by a gift, will, or inheritance.

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