Real Estate Glossary

A person who is authorized to perform only certain specified functions on behalf of his principal.

An assessment generally made against only those specific parcels of realty directly benefiting therefrom.

A deed in which the grantor warrants or guarantees title against defects arising during his ownership of the property only and not against defects existing before the time he owned it.

A lien which is applicable to one property in particular versus a general lien which applies to all property of the individual involved.

A remedy which the court will grant in certain cases, compelling the defendant to perform or carry out the terms of a valid, existing agreement or contract.

A zoning practice allowing certain portions of an area to be sued for purposes not generally permitted within that area.

A law established by an act of the legislature.

State law requires among other things that certain contracts relating to real estate must be in writing to be enforceable at law.

laws setting forth the period of time in which suit can be brought for a particular act.

The rights which prescribe the period of time after a foreclosure sale within which the borrower allowed to redeem his property by paying the debt in full.