by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Defeasible Fee (sometimes called a qualified fee) is an ownership interest in land that is otherwise similar to a fee simple absolute but is subject to a specific condition or event. The owner has full possessory rights to the property, but those...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Defeasance Clause is a provision in a mortgage or deed of trust that gives the borrower (mortgagor) the right to regain full title to the property once the loan obligations have been fully satisfied. This clause states that when the borrower pays the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Default refers to a borrower’s failure to fulfill the obligations set forth in a loan agreement or related legal documents. Most commonly, default occurs when a borrower fails to make required mortgage or deed of trust payments on time, but it can also...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Deed Restrictions are private limitations placed on the use of property by the grantor and written into the deed at the time of conveyance. These restrictions control how the property may or may not be used; for example, limiting the type of structures...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Deed of Trust is a security instrument used to secure repayment of a loan by placing a lien on real property. It functions similarly to a mortgage but involves three parties instead of two: the borrower (trustor), the lender (beneficiary), and a...
