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Gap
Gap A defect in the chain of title of a particular parcel of real estate; a missing document or conveyance that raises doubt as to the present ownership of the land.
RELATED TERMS--------------------------------------
Defect
A condition that materially affects the value or use of residential property in an adverse manner.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Parcel
An officially described piece of land.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
Conveyance
Conveyance is the transfer of title of real estate property from one individual to another.
Ownership
The right to possess and use property to the exclusion of others.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Gyor property
Property in Gyor, Hungary. Apartments, flats, houses, offices and other property in Gyor.
Gable
A triangular wall enclosed by the sloping ends of a ridged roof or a triangular decorative feature.
Gable roof
A ridged roof that forms a triangle at each end.
Gag rules
A provision in contracts signed by new buyers that prohibits the owners from publicizing complaints about the builder.
Gambrel roof
A roof with two slopes, often seen on barns.
Gap
Garn-st. Germain bill
Or the Depository Institutions Deregulation and Monetary Control Act of 1980 which authorized the deregulation of banks and savings institutions. Allowed savings and loan associations to offer checking-type accounts; to issue credit cards. Established loan loss reserve requirements.
Gazumping
Occurs when a buyer turns down an already-accepted offer in favour of a higher bid.
General agent
One authorized by a principal to perform any and all acts associated with the continued operation of a particular job or a certain business of the principal.
General contractor
The prime contractor who contracts for the construction of an entire building or project, rather than just a portion of the work.
General index
A county recorder's office index used by title company examiners when searching the chain of title of a property. The examiner uses the index to research all the grantors and grantees in the chain of title.
This dictionary contains 6433 terms. |
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