Month: December 2007

One that meets all requirements of law, is binding upon its parties, and is enforceable in a court of law.

The period of time over which a commercial property can be depreciated for federal income-tax purposes. Also known as economic ...

The acquisition of run-down city areas for purposes of redevelopment.

Ownership by two or more persons that gives each the right to use the entire property.

One who as agent for others handles money or holds title to their land.

A document used in place of a mortgage in certain states; a third-party trustee, not the lender, holds the title ...

Usually a two- or three-story dwelling with shared walls, or a living unit operating under the condominium or townhouse form ...

A professional examination of public records to determine the chain of ownership of a particular piece of property and to ...

A statement of the current condition of title for a parcel of land.

An insurance policy that protects against any losses incurred because of defects in the title not listed in the title ...