Waste

In real estate law, waste refers to the destruction, material alteration, or injury to property by a tenant or other party in possession. It involves conduct that damages or substantially reduces the value of the premises beyond ordinary wear and tear. Waste may occur...

Warranty Deed

In real estate law, a warranty deed is a form of deed used to convey fee simple title to real property. It provides assurances from the grantor that the title is clear and that the grantor has the legal right to transfer the property. A warranty deed typically...

Warehousing

In real estate finance, warehousing refers to the practice of a lender, such as a mortgage company, depositing newly originated loans with a bank or other financial institution prior to selling them on the secondary market. During this period, the mortgage company...

Waive

In real estate and contract law, to waive means to voluntarily relinquish or abandon a known right. A party who waives a right chooses not to enforce or require performance of a particular provision. A waiver may be express, stated clearly in writing or verbally, or...

Wainscoting

In real estate and building construction, wainscoting is a decorative wood lining applied to the lower portion of an interior wall. It is typically installed when the lower section of the wall is finished differently from the upper portion. Wainscoting serves both...

Voluntary Lien

In real estate law, a voluntary lien is a lien placed against property by the deliberate act of the property owner. It arises from an agreement rather than by operation of law. The most common examples of voluntary liens are mortgages and deeds of trust, which are...