Deed Description
Definition of "Deed description"
Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by reference to a lot on a filed map by monuments, or by a government survey. A street address may be used, but it is not the best method. The deed description should also include any street rights, or rights of neighbors property. See also legal description.
Popular Real Estate Terms
An individual legally fit and able to undertake an activity or function. ...
The prepared form used to specify the terms of the listing contract. Usually a listing form consists of blanks the real estate agent fills in to provide the necessary information needed to ...
Unit of ownership in a real estate investment trust. ...
House made using standardized components that are preassembled on an assembly line in a factory rather than being built from "scratch" on a site. Normally, the prefabricate house is trucked ...
Trade name by the American Cyanamid Corporation for a plastic laminate surfacing material widely used on furniture, counter tops and wall coverings. Formica is hard, durable, and resistant ...
Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...
A legally transferable debt instrument by which the issuer agrees to pay the payee within a certain time period. Note usually pay a specified rate of interest tied to the market rate of ...
Pipe or conduit for electrical wiring. Enclosed conduit made of metal or other appropriate materials for transferring low pressure hot or cold air throughout a structure. ...
Third party to a bankruptcy proceeding. The trustee's responsibility is to value and recapitalize the real estate firm if it is to be reorganized. ...
Have a question or comment?
We're here to help.