Property Report

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • property survey
  • real property report
  • legal disclosure

Definition of Property Report

  1. A legal document prepared by a surveyor that illustrates the locations of all visible public and private improvements relative to property boundaries.
  2. A legal disclosure that developers of timeshare properties are required to give to prospective buyers.

Related Terms and Acronyms

  • Inspection Report Definition,
    • The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.
  • Square Footage Definition,
    • The area within a building, calculated by measuring the rooms by length and width.
  • Survey (srvy) Abbreviation,
    • A map executed by a licensed surveyor, which sets down precisely the boundaries of a given property as well as improvements, references to known landmarks, and the property's notable features.
    As in surveyed land.
  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
  • Acre Definition,
    • 43,560 square feet. A plot of land 180 by 242 feet is one acre.
  • Credit Report (CR) Bank, Very Important,
    • A report on a loan applicant's willingness and ability to make payments in a timely manner in the past. This report is provided to the bank by an outside agency.
    A report that outlines the credit worthiness of an individual or entity.
  • Mis-selling Bank,
    • The act of misleading a client into buying a product or service by deliberately misrepresenting the aforementioned product or service.
  • Appraisal Report Definition,
    • A detailed evaluation of the value of a property based on an inspection and a review of the values of nearby, comparable properties.
  • Real Property Definition,
    • Permanent, non-movable property, such as land and buildings.
  • 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."
  • Agreed Boundary Definition,
    • Property lines that are drawn to settle a dispute between neighbouring property owners.
  • Metes and Bounds Definition,
    • A surveyor's legal description of a parcel of land, defined by measurements and angles.
  • Plat Definition,
    • A map that shows a parcel of land and how it is subdivided into individual lots. Plat maps also show the locations of streets and easements.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage