Real Estate Glossary

To annul; cancel.

Acronym of the Real Estate Settlement Procedures Act, federal legislation passed to regulate disclosure of the buyer's settlement costs.

A clause in a deed or other written instrument limiting the use to which the property may be put.

The residue of an estate left to the grantor or his heirs after termination of all prior estates and interests; the right of a lessor to recover possession of leased property upon the termination of the lease, with all subsequent rights to use and enjoy the property.

A present right to future possession of an estate.

An addition, amendment or endorsement to a contract or other document.

The right to acquire the interest of a deceased joint owner; distinguishing feature of a joint tenancy.

An easement or right of passage over another's land.

The right of a landowner to the use of water on or adjacent to his land.

A covenant which extends beyond the original parties to an agreement and binds all subsequent parties.