Real Estate Law - abatement - chain of title - clear title - cloud on title (cloud) - co-tenant - dominant estate - escrow
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It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content.
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Legal Dictionary
Real Estate Law
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TERM
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CATEGORY
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| | abatement
A diminution, decrease or easing of something;
Abatement refers to a reprieve from or reduction in a debt, tax or other payment obligation faced by an individual or company. |
| Real Estate Law | details | | | chain of title
is literally a history of ownership of a particular piece of real property.
Chain of Title runs from the original owner to a current proprietor, showing dates when property was sold and names of buyers/sellers.
It also reflects any incumbrances pla ... |
| Real Estate Law | details | | | clear title
a title to real property that doesn't have any encumbrances such as liens or judgements against it. |
| Real Estate Law | details | | | cloud on title (cloud)
A claim, or encumbrance on real property that affects or impairs the title.
Examples of cloud on title incude: a mortgage lien whose repayment hasn't been officially recorded;
a deed which has been signed but hasn't been properly recorded; a mecha ... |
| Real Estate Law | details | | | co-tenant
n. Tenancy taken on by two or more parties. These co-tenants also called joint tenants. |
| Real Estate Law | details | | | dominant estate
dominant estate is the parcel of real property that has an easement over another piece of property.
It is also called a dominant tenement. |
| Real Estate Law | details | | | escrow
This term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement.
Most often escrow accounts are u ... |
| Real Estate Law | details |
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