Legal Word of the Day
Share it on TwitterFacebook
cloud on title (cloud)
A claim, or encumbrance on real property that affects or impairs the title. Examples of cloud on title incude: a mortgage lien whose repayment hasn't been officially recorded; a deed which has been signed but hasn't been properly recorded; a mechanic's lien, or a construction lien, another word if a renovation work was performed on the house and was not … Full Definition »

Commercial Real Estate Legal Terms and Legal Words. Real Estate Law Terminology

abate
To do away with a problem, such as a public or private nuisance or some structure built contrary to public policy. This can include dikes which illegally direct water onto a neighbor's property, high volume noise from a rock band or a factory, an improvement constructed in violation of building and safety codes, or seepage from a faulty septic tank. See … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
abatement
A diminution, decrease or easing of something. Abatement refers to a reprieve from or reduction in a debt, tax or other payment obligation faced by an individual or company. In Real Estate, tax abatement is used by cities as an incentive to encourage the redevelopment of distressed areas by providing real property tax abatement for 10 or 15 years. … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
chain of title
'Chain of Title' is literally a history of ownership of a particular piece of real property. Chain of Title runs from the original owner to a current proprietor, showing dates when property was sold and names of buyers/sellers. It also reflects any incumbrances placed on the real property. The County Clerks office records all transactions made with … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
clear title
a title to real property that doesn't have any encumbrances such as liens or judgements against it. … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
cloud on title (cloud)
A claim, or encumbrance on real property that affects or impairs the title. Examples of cloud on title incude: a mortgage lien whose repayment hasn't been officially recorded; a deed which has been signed but hasn't been properly recorded; a mechanic's lien, or a construction lien, another word if a renovation work was performed on the house and was not … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
co-tenant
n. Tenancy taken on by two or more parties. These co-tenants also called joint tenants. … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
dominant estate
dominant estate is the parcel of real property that has an easement over another piece of property. It is also called a dominant tenement. … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
escrow
This term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement. Most often escrow accounts are used in real estate sales by title companies, or attorneys. See also: escrow agent … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
foreclosure
A foreclosure is a process initiated by a lender to satisfy unpaid debt by selling a house/apartment at an auction. Depending on the state laws, it can be either judicial or non-judicial. Differences among states range from the notices that must be posted or mailed, redemption periods, and the scheduling and notices issued regarding the auctioning of the … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
foreclosure sale
When a homeowner is about 60 days past due on his/her mortgage payment, the lender (bank) might want to repossess the house to satisfy the outstanding debt. A Notice of Default is sent to the homeowner and that is how the foreclosure begins. After receipt of a Notice of Default a homeowner has certain time to pay the amount owed to the bank, or may … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
12
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Conflict of Interest in American Public LifeConflict of Interest in American Public Life
by Andrew Stark
  • List Price: $33.00
  • Price: $30.50
  • You Save: $2.50 (8%)
from $0.01
View
Law.comDennis is also recognized in 2014 Super Lawyers and Top Rated Lawyers, and was voted Best Trial Lawyer in 2012 by AZ Foothills Magazine. Bartness is a trained mediator, with a concentration in real estate, commercial, banking and environmental law, ... more »
San Antonio Business JournalHouston-based Lubel Voyles specializes in business litigation, general personal injury, maritime and admiralty cases, toxic torts, property damage recovery and ad valorem taxes. Some of the ... He also previously practiced law at Akin Gump in San Antonio. more »
Christopher S HoffmannAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Asbestos Litigation, Contracts, Business Law, Labor & Employment Law, Health Care Law, Consumer Protection, Environmental Law, Insurance Litigation, Litigation, Animal Law, Aviation, Workers Compensation
Paul A LangeAttorney at LawPRACTICE AREA: Personal Injury, Administrative Law, Insurance Litigation, Aviation
Douglas A WinegardnerAttorney at LawPRACTICE AREA: Admiralty & Maritime Law, Insurance Litigation, Litigation, Aviation
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content