Browse the glossary using this index
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RIPARIAN RIGHTSThe right of a landowner to the use of water on or adjacent to his land. | |
RUNNING WITH THE LANDA covenant which extends beyond the original parties to an agreement and binds all subsequent parties. | |
S |
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SAFETY CLAUSEA clause in a sales contract entitling the broker to a commission for the sale of the property by the owner himself for an extended period of time after the contract has expired. | |
SALE AND LEASEBACKThe sale and subsequent leasing back by the seller- lessee. | |
SALE WITH WARRANTY - Civil Law TermSimilar to General Warranty Deed. Gives best guarantee of title. | |
SALE WITHOUT WARRANTY - Civil Law TermSimilar to Quitclaim Deed. Gives no guarantee of title. | |
SANDWICH LEASE | |
SATISFACTION OF MORTGAGEAn instrument used when a lien is paid off and satisfied on the records; also called satisfaction piece. | |
SECONDARY MONEY MARKETThe marketplace for the sale and purchase of existing mortgages. | |
SECTION | |