V
Valid A binding situation that is authorized and enforceable by law.
Valuation Estimated price, value, or worth. Also, the act of identifying a property's worth via an appraisal.
Variance Government authorization to use or develop a property in a manner which is not permitted by the applicable zoning regulations.
Violation Act, condition, or deed that violates the permissible use of property.
Void Something that is unenforceable.
Voidable A situation which is capable of being unenforceable but is not so unless direct action is taken.