Real Estate Glossary

ownership by two or more persons who hold undivided interest, without right of survivorship. Upon the death of one tenant, his interest goes to his heirs. Interest need not be equal, and each owner is possessed of the whole of an undivided part.

To offer; to present.

All rights in land which pass with conveyance of the land.

The written declaration of one's last will.

Leaving a will upon death.

One who leaves a will in force at his death.

In a contract, a requirement of punctual performance.

Evidence that an owner of land is in lawful possession thereof; an instrument evidencing such ownership.

A legal right or claim against a property registered on the title.

A policy of insurance which indemnifies the holder for loss sustained by reason of a defect in the title, provided the loss does not result from a defect excluded by the policy provisions.