Alienation Clause

A type of acceleration clause, calling for a debt under a mortgage or deed of trust to be due in its entirety upon transfer of ownership of the secured property. For example, if a homeowner with a mortgage transfers their property to another party, the lender may...

Accretion

Accretion is the gradual and imperceptible addition of soil to a riparian or littoral property. The added waterborne soil deposits are known as alluvion or alluvium. Once added to the owner’s property, the accreted soil becomes a part of the owner’s...

Accession

An addition to property, often through natural geological events. Accession involves acquiring title to something added to the property, either by human-made action or through the operation of natural geological processes. A property expanding by the addition of land...

Access Right

The right of an owner to have ingress and egress to and from owner’s property over adjoining land. This is usually in the form of an easement. For example, one property may have an access right over another property, meaning that the owner of one property has...

Acceptance of an Offer

Voluntary agreement to the price and terms of an offer, which creates a contract. For example, upon communication of the seller’s acceptance of the offer back to the buyer, a real estate sale agreement becomes a legally enforceable contract. The offer is not a...