Terms with Tag Realty
- Tenancy in Common — Definition,
- Ownership by two or more people in which each person owns an undivided interest in the entire property and all have equal rights to use the property. When one tenant in common dies, that person's interest may be sold, mortgaged or transferred to another in a will.
- Tenant — Definition,
- One who rents property.
- Tenant Improvements (TI) — Acronym,
- Tenant improvements are interior structural changes made to a residential or commercial building prior to tenant occupancy.
- Tenant Protection Act (TPA) — Acronym, Ontario, Canada,
- An Ontario law that governs tenant and landlord relations for residential rental agreements.
➥ Replaced Landlord and Tenant Act in June of 1998. The Tenant Protection Act was replace again by the Residential Tenancies Act, 2006 (RTA). - Tenure — Definition,
- The act, fact, or condition of holding something in one's possession such as real estate. A period during which something is held.
- Terms (trms) — Abbreviation,
- Timeshare — Definition,
- A form of multiple ownership of a piece of property in which each owner has access to the property for a period during the year. Most timeshares are vacation homes in resort areas.
- Title — Definition,
- Evidence of a person's right to possession ownership of a property.
- Title Company — Definition,
- A company that checks a property's title for liens and other obstacles to sale, fixes any clouds to title, supervises the closing transaction, and makes sure that money transfers in a purchase are processed correctly.
- Title Defect — Definition,
- A legal claim by others to property, or the right to make demands upon an owner.
- Title Insurance — Definition,
- Insurance that covers title defects and ownership challenges on a property.
- Title Report — Definition,
- A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
- Title Search — Definition,
- A check of public records to make sure that the owner of real property has the right to transfer ownership. A title search is designed to spot gaps in the chain of title, liens, problems with the legal description of the property, judgements against the owner, and the like.
- Topographical Map (topo) — Abbreviation,
- Toronto Commercial Real Estate Women (TCREW) — Company Est. 1996, Toronto, Ontario, Canada,
- Toronto Real Estate Board (TREB) — Company Est. 1920, Toronto, Ontario, Canada, Important,
- Toronto's source for comprehensive coverage of real estate listings, services and statistical reports for the Greater Toronto area.
➥ Canada's largest real estate board. - Torrens System — Definition,
- A system that is provided by Provincial law for the registration of land titles. The system records the state of the title, including ownership and encumbrances without the necessity of an additional search of the public records. Also known as the "Land Titles System."
- Townhouse (town, twnhse, th) — Abbreviation,
- A house that is attached to or built close to other houses.
- Trade Equity — Definition,
- A swap of property, such as real estate or a car, as part of a down payment for other real estate.
- Trading Down — Definition,
- Selling a more-expensive house to buy a less-expensive dwelling.
- Trading Up — Definition,
- Selling a house to buy a more-expensive house.
- Traditional Style (Trad) — Abbreviation,
- Transaction Coordinator (TC) — Acronym,
- Transfer Disclosure Statement (TDS) — Acronym, United States, ➥ A US real estate term.
- Transfer of Title (TOT) — Acronym,
- A document signed by the seller and purchaser transferring ownership, at which time the document is registered against the property.
- Triple Net (NNN) — Acronym,
- A real estate lease agreement for commercial rental properties whereby the lessor charges the lessee (tenant) for their share of taxes, insurance and maintenance costs.
- Triplex — Definition,
- One building that contains three housing units.
- True Market Value (TMV) — Acronym,
- Trustee Sale Guarantee (TSG) — Acronym,
- Tudor-Style (tudr) — Abbreviation,
24.
Tenancy in Common -
Triple Net
Triple Net
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