Useful life

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

Trust deed

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

Townhouse

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

Title search

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

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