IREF
IREM
Identity of interest
Illegal
Illegality of purpose
Illusory
Imperative necessity
Implied
Implied agency
Implied contract
Implied knowledge
Implied warranty of habitability
Impound account
Impounds
Improper improvement
Improved land
Improved value
Improvement
Improvements to land
Imputed interest
Imputed notice
In personam
In rem
In the business
Incentive
Inchoate dower
Including interest
Inclusionary zoning
Income
Income approach
Income property
Income statement
Income stream
Income to price ratio
Incompetent
Incorporate
Incorporeal rights
Increment
Incremental income tax
Incurable depreciation
Incurable penalty
Indemnify
Indemnity
Indemnity agreement
Indenture
Independent contractor
Independent fee appraiser
Index lease
Index method
Indirect costs
Indirect lighting
Indorsement
Industrial districts
Industrial park
Industrial property
Infant
Infiltration
Inflation
Infrastructure
Ingress
Inheritance
Inheritance taxes
Initial note rate
Injunction
Inner city
Innocent purchaser
Input
Input-output analysis
Inquiry notice
Inside lot
Inspection
Installment contract
Installment loan
Installment note
Installment reporting
Installment sale
Installment sales contract
Institute of Real Estate Management, IREM
Institutional advertising
Institutional lenders
Instrument
Insulation
Insurable interest
Insurable title
Insurable value
Insurance coverage
Insurance rate
Insurance risk
Insured mortgage
Intangible
Intangible assets
Intangible value
Integration
Intelligent building
Intensive margin
Inter vivos
Interchange
Interest
Interest extra loan
Interest only loan
Interest rate
Interest rate risk
Interim loan
Intermediary
Intermediate theory
Intermediation
Internal Revenue Code, IRC
Internal Revenue Service
Internal Revenue Service, IRS
Internal rate of return, IRR
International Real Estate Federation, IREF
Interpleader
Interpret
Interstate Land Sales Full Disclosure Act, ILSFDA
Interurbia
Interval ownership
Intestate
Intrinsic value
Inventory
Inverse condemnation
Inversely related cost
Investiture
Investment
Investment analysis
Investment calculation
Investment credit
Investment property
Involuntary alienation
Involuntary conversion
Involuntary lien
Inwood compound interest method
Irrevocable
Irrigation districts
Italian architecture
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You chose: Innocent purchaser
A party not responsible for cleanup of contaminated property. Under SARA. anyone who is in the chain of title becomes responsible for such cleanup, even those with no responsibility for the pollution. One exception is a purchaser who knew nothing about the contamination and had a Phase I investigation done prior to the purchase.
Example: Discarded electrical parts containing hazardous PCBs and lead were found on land, requiring a cleanup of the environmentally contaminated property. All current and prior owners and users were potentially responsible parties. Irene, however, bought the land after a qualified inspector had determined that it was free of hazards, so she is an innocent purchaser, not responsible for cleanup.
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