Standard Depth

In real estate appraisal, standard depth refers to the depth of a lot that is considered typical or normal for valuation purposes. It provides a benchmark against which lots of greater or lesser depth may be compared. Traditionally, a standard depth for a residential...

Standard Coverage Policy

In real estate transactions, a standard coverage policy is a type of title insurance policy that provides limited protection against defects in title. It is used in some states and offers less comprehensive coverage than an A.L.T.A. policy. A standard coverage policy...

Square Foot Cost

In real estate valuation and leasing, square foot cost refers to the cost attributed to one square foot of floor space in a building or one square foot of land. It is commonly used as a standard measure to compare values and expenses across properties. Square foot...

Square Foot

In real estate and measurement, a square foot is a unit of area equal to a space one foot long by one foot wide. It is commonly used to measure the size of rooms, buildings, and land improvements. There are nine square feet in one square yard. Square footage is a...

Special Warranty Deed

In real estate law, a special warranty deed is a deed in which the grantor warrants title only against defects or claims that arose during the grantor’s period of ownership. It does not provide protection against defects that existed before the grantor acquired the...

Specific Performance

In real estate and contract law, specific performance is a legal remedy that compels a party to perform the exact terms of a contract rather than paying monetary damages. It is used when money alone is not sufficient to compensate for a breach. Because real property...