Definition of "Acknowledgment"

Juliana Labarbera real estate agent

Written by

Juliana Labarberaelite badge icon

RE/MAX METRO REALTY

The term acknowledgement refers to an act, deed, declaration, or an expression of appreciation, but it also refers to accepting or recognizing something. The definition of acknowledgement, in general, is a form of recognizing something. The term can be used in various formal and informal ways, but the meaning of acknowledgement stands for the act of recognition in a form or another.

Acknowledgement in Real Estate

A real estate acknowledgment is used for a declaration or avowal that authenticates legal instruments, documents, acts, or deeds, giving them validity. It is done in front of a public official or public notary. An acknowledgment ensures that the act in question will be recognized legally. It can be a written section at the end of a document where the individual has to sign. By signing, they enact the acknowledgement that the information specified is read, considered real, correct, and legal. The notary is a witness to the signing of the act and signs it themselves. An acknowledgement can be done in writing or verbal but always in the presence of someone of authority to validate it.

An acknowledgment that authenticated documents, acts or deeds that specify false can be used in court as false testimony.

For example, a seller makes an acknowledgement in front of a notary that the seller disclosure is correct and the home has an insolation of 8 inches. Upon verification, the insolation is of just one inch. Because of this, the seller can be sued for false testimony. 

Acknowledgement in Writing

An acknowledgment can also be used in literature or other formal or informal means of communication.

In literature, it appears as a statement at the beginning of a book. An author expresses their gratitude to others that helped the writing process, the book’s publication, or only by providing the author with the means or inspiration to work—often seen as a show of respect, giving thanks and appreciation to others.

Acknowledgements can also be transmitted through letters or e-mails to notify that you received a letter, message, or something else from someone.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Assures that the title is free of any legal claims including encumbrances. It includes covenants of seizin, freedom from encumbrance, express warranties of title, right to quiet enjoyment, ...

The bonus depreciation definition refers to a tax incentive that allows a business to accelerate the depreciation deduction in the year when the asset is purchased and placed into use. The ...

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...

individual who purchases property for another for the purpose of not identifying to the seller and other interested parties the real identity of the true acquirer. The individual who makes ...

The legal definition of conversion is the act of using property or funds with which one has been entrusted for purposes other than those for which the property was intended to be used by ...

Expiration of a lease or insurance policy by mutual consent of the parties, also to give up. ...

Are you thinking to yourself: What does replacement cost mean?When someone in the Real Estate Market mentions Replacement Cost, they are talking about an evaluation of how much it ...

Individual or entity that divides up a large piece of owned land into smaller pieces generally for the purpose of developing them into homes for sale in the future. ...

Method of using the buyer's down payment on a home as an interest bearing collateralized account to help offset the mortgage amortization process. The home down payment is used to ...

Popular Real Estate Questions