Remainder (real estate law)

In real estate law, a remainder is a future interest in property that becomes possessory after the termination of a prior estate, such as a life estate. It is created at the same time as the prior estate and is intended to take effect automatically when that estate...

Release Clause

In real estate finance, a release clause is a provision in a blanket mortgage or other blanket encumbrance that permits the release of individual parcels from the lien. The release occurs upon payment of a specified amount toward the underlying debt. Release clauses...

Release

In real estate law, a release is a legal instrument used to remove a lien or claim from property, such as one created by a mortgage or judgment. It formally acknowledges that the obligation secured by the lien has been satisfied or otherwise discharged. When a deed of...

R.E.I.T. (Real Estate Investment Trust)

In real estate finance, R.E.I.T. stands for real estate investment trust. It refers to a business entity or trust that owns, operates, or finances income producing real estate. Real estate investment trusts are typically organized to comply with requirements of the...

Reissue Rate

In real estate transactions, a reissue rate is a reduced charge for a title insurance policy when a previous policy on the same property was issued within a specified period of time. It reflects the lower risk associated with insuring a title that was recently...

Reinstatement

In real estate finance, reinstatement is the act of paying the amounts necessary to bring a loan out of default and restore it to good standing. This typically includes past due payments, interest, fees, and any related costs. Reinstatement allows the borrower to cure...