To make a legal document valid by signing. The general arrangement under which legal documents or property is handled by an unbiased or independent third party on behalf of a buyer and seller until the occurrence of a condition, at which time the third party is to hand over the documents or property to the promisee. The equitable right to obtain absolute ownership to property when legal title is held in another’s name. The interest held by the buyer of real property under a land contract. An instrument type normally used in the State of Missouri.Ĭlauses in a deed limiting the future uses of the property.Īny written instrument meeting all statutory requirements and may be recorded with the Register of Deeds Office.Ī right to use the land of another for a specific purpose, such as for utilities or right of way.Īny lien (such as a mortgage, taxes, etc.) easement, or any other restrictions on the use of the land that may diminish the value of the property. Property is transferred to a trustee by the borrower in favor of the lender, and re-transferred to the borrower upon payment in full. A legal document used to transfer real estate title.Īn instrument much like a mortgage. Most commonly the dedication by a builder of the streets in a subdivision.Ī written instrument by which ownership of land is transferred. The giving by an owner of private property for public use, and the acceptance by the proper public authority. See also Land Contract.Ī written agreement between two or more parties. A deed, not a contract for deed, is required to convey an interest in property. A contract under which the seller retains title until receiving the last payment from the buyer. That which is received by the grantor in exchange for their deed.Īgreement between buyer and seller of real estate which sets the price and terms of the sale. Also, the verification that makes a document recordable.Ī measure of land equal to 43,560 square feet or 160 square rods.Ī deed ordered by the court from the administrator of the estate being probated.Ī legal document swearing (under oath) to the truth of something.Īnything so annexed to land or used with it that will pass with the conveyance of the land.Ī copy of a document that is certified by a stamp and signature that it is a true copy of the original document.Ī unit of measurement equaling 66 feet, or four rods.Ī list of previous owners of a parcel of land showing the succession of conveyances from a specified time to the present owner showing how title was obtained. Legal verification by a notary public or public official that a signature on a legal document is authentic and that such document was freely executed. These terms and their definitions are not intended to replace professional or legal advice and should not be construed as such.Ī | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | ZĪ written history of all recorded instruments affecting the title to real property. The following definitions of real estate terms are meant to be an aid to understanding common real estate and public records forms and concepts.
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