Real Estate Glossary

The nature of the surface of land.

System of title recordation and protection provided by the laws of some states.

A negligent or intentional wrong; a wrongful act; violation of a legal right.

A structure whose common elements may be shared by two or more unit occupants.

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.