Real Estate Glossary

A section of land established by government survey that is six miles long, six miles wide and containing 36 sections, each one mile square.

Articles of personal property annexed to real property, but which are necessary to the carrying on of a trade and are removable by the owner or tenant when he leaves.

To conduct business affairs; to carry out, perform or manage.

The tax required by a governmental agency when real property is transferred from one party to another.

Wrongful invasion of land by one having no lawful right to enter.

A deed given by borrower to trustee to be held pending fulfillment of an obligation.

One who holds property in trust for another to secure the performance of an obligation.

The borrower in a trust agreement.

A federal law designed to let borrowers know the exact cost of obtaining credit; a disclosure device.

Title to property owned by two or more persons, none of whom are entitled to claim or possess any specific part.