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Quadruplex
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An apartment that is spread out over four levels.
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Qualified plan
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Any employee benefit plan that is qualified by the IRS as a tax-exempt plan. Among other requirements, the plan's assets must be placed in trust for the sole benefit of the employees covered by the plan.
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Qualifying ratio
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A ratio calculated by a lender to determine how much a potential buyer can borrow.
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Quitclaim deed
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A deed operating as a release that is intended to pass any title, interest or claim that the grantor may have in the property, but not guaranteeing such title is valid
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Quitclaim deed
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A document that releases a party from any interest in a piece of real estate.
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