Acknowledgment
Definition of "Acknowledgment"
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.
Popular Real Estate Terms
Used to indicate what is included in a monthly payment on rental property. If the payment includes only principal and interest, property taxes, and hazard insurance would make the total ...
Changes occurring in neighborhoods over time. The neighborhood life cycle includes the phases of birth, early growth, maturity, and decline. Not all neighborhoods pass through them more ...
Land expansion resembling a star. The starts center is the city, and major thoroughfares going away from the city are depicted. ...
The term statute is a written law that is adopted by a legislative body from the country, federal, state, county, or city level. The statute definition can be a legislative written decree ...
Regulatory rules that have to be followed by the organization in conducting its activities. ...
Across the globe, countries have comprehensive antitrust laws that protect customers and ensure the orderly conduct of businesses. Through antitrust laws, the playing field is balanced for ...
As the term “servient” comes from the root word “serve” and to serve means to perform a duty or a service for another entity, its meaning is easy to define. The term ...
The right to recover property taken away by foreclosure by paying the lender the total amount owed plus foreclosure costs. The right of a debtor in bankruptcy to recover personal ...
Fence constructed at the property line or other division point separating a subdivision or a home site. It marks the point of separation between two separate properties. ...
Have a question or comment?
We're here to help.