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Covenants & Restrictions

AB - CD - EF - IJ - PQ - ST - Z

Tenant in Severalty: an estate in severalty is property held by one person alone.

Tenants in Common: title held by two or more persons, each has an equal and undivided interest, with no right of survivorship.

Tenants by the Entirety: Joint ownership by husband and wife, with right of survivorship.

Title: evidence of ownership of real or personal property, which stands against the right of anyone else to claim the property.

Title Defect: lacks some of the elements necessary to transfer good title, for example an unresolved claim.

Title Failure: defeats the right of whole ownership of property by the owner of record.

Title Insurance: guarantees a clear title to a parcel of land, which the owner can convey. It also protects against financial loss to the buyer should a problem arise.

Title Search or Examination: the examination of public records for the property's title history. It determines the chain of title, present owner, legal description, easements, taxes due, encumbrances, leases, judgments or liens.

Trustee: a person or entity which holds the assets for the benefit of the beneficiaries.

Underwriter: one who insures another

Undue Influence: the amount of pressure one uses to force someone to sign a contract, give a gift, while alive, or execute a will leaving assets in a particular way.

Wills: written documents which leave the estate of the signer to persons or entities.