A • B - C • D - E • F - I • J - P • Q - S • T - Z

Joint Tenants: each party owns an individual interest in the entire parcel with the right of survivorship.

Judgment: money judgments may become a recorded lien on the property of the owner.

Legal Description: geographic identification of a parcel of land acceptable in a court of law.

Lenders Title Policy: a title insurance policy insuring the lender against loss due to an invalid title.

Lien: an official claim against property for payment of a debt.

Marital Rights: Dower, curtsey, or other in reference to property rights.

Mechanics Lien: secures priority of payment for work performed and materials used during new construction.

Mental Incompetence: lacking the ability to handle one's own affairs.

Marketable Title: can be readily marketed to a prudent purchaser without objection. The title is free and clear of objectionable liens, clouds or defects.

Ownership: legal title coupled with legal right to possess.

Owner's Title Policy: insures the owner of the property, rather than the lien holder, against financial loss due to a defect of title.

Plat: a map dividing a parcel of land into lots, as in a subdivision showing boundary lines, buildings and other improvements.

Power of Attorney: written document signed by a person giving another person the power to act in conducting the signer's business.

Probated Will: a general term for the process of administration, with court super-vision, of estates of dead persons including those without wills.

Property: anything that is owned by a person or entity. † Real property is interest in land and improvements.