Heir
A person who inherits by a will or a person who succeeds to property by the state laws of descent if the decedent dies intestate.
Hypothecate
To pledge/ mortgage real property as security for a loan or other obligation without giving up possession of it. The borrower retains the rights of control and possession, and the lender secures an underlying equitable right in the pledged property.
Home Inspection
An examination of a home's construction, condition and internal systems by an inspector or contractor prior to purchase.
Home Owners Warranty
Special insurance policies that cover certain home repairs for a specified amount of time.
High-rise
Any building higher than six storeys.
Hazard Insurance
Provision of insurance covering damage by fire, wind or other disaster.