W – Compendium of Real Estate Terms & Concepts

Zoning refers to the collection of laws and regulations that are applied to various land uses. A zoning ordinance may also be called a "land use regulation" or something similar.

‘Without Prejudice’ means without any loss or waiver of rights or privileges. It is a reservation made on a statement or offer that it is not an admission or cannot otherwise be used against the issuing party in future dealings or litigation with any determinative legal effect.

A will is a gift of property that is to take effect on the giver’s death unless the gift is revoked by the giver prior to that time. It is often referred to as a last will and testament. The party making the will is known as the testator if…