quality of construction

Classification of the level of excellence of a structure. Irrespective of age, condition, or construction type, commercial construction may be of low, average, good, or excellent construction quality.

quantity-survey method

The appraisal method of estimating building costs by calculating the cost of all of the physical components in the improvements, adding the cost to assemble them and then including the indirect costs associated with such construction. (See appraisal)

quasi contract

A contract implied by law, as a matter of equity, when no actual contract exists.

quiet enjoyment

See covenant of quiet enjoyment.

quiet title

A court action to remove a cloud on the title.

quitclaim deed

A conveyance by which the grantor transfers whatever interest he or she has in the real estate, without warranties or obligations.

quoted lease rates

Landlords' asking rental rates, typically as distributed on listing flyers or quoted on listing services. The dollar-per-square-foot figures may be annual or monthly, based on local market custom.