Trustee

In real estate finance, a trustee is a person or entity that holds legal title to real property under the terms of a deed of trust. The trustee acts as a neutral third party between the borrower and the lender. The trustee’s primary duties include holding title as...

Trust Deed

In real estate finance, a trust deed, also known as a deed of trust, is a security instrument used in many states in place of a mortgage. It involves three parties: the borrower, called the trustor, the lender, called the beneficiary, and a neutral third party known...

Trust Account

In real estate practice, a trust account is a separate bank account maintained by brokers, escrow agents, or other fiduciaries to hold funds belonging to others. These funds may include earnest money deposits, rents, or other monies held in connection with a...

Transfer Tax

In real estate transactions, a transfer tax is a tax imposed by a state or local government on the transfer of title to real property. The tax is typically calculated based on the consideration paid for the property. Transfer taxes are usually paid at the time of...

Trade Fixtures

In real estate law, trade fixtures are items of personal property installed by a business tenant on leased premises for the purpose of conducting a trade or business. Although attached to the real property, they are intended for business use rather than as permanent...