In real estate, Deed Restrictions are private limitations placed on the use of property by the grantor and written into the deed at the time of conveyance. These restrictions control how the property may or may not be used; for example, limiting the type of structures...

In real estate, a Deed of Trust is a security instrument used to secure repayment of a loan by placing a lien on real property. It functions similarly to a mortgage but involves three parties instead of two: the borrower (trustor), the lender (beneficiary), and a...

A deed is a written legal instrument used in real estate to transfer ownership, or title, of real property from one party, known as the grantor, to another party, known as the grantee. It serves as the formal evidence of the conveyance and identifies the parties...

In real estate, dedication is the process by which a property owner voluntarily transfers land for public use, such as for streets, parks, or other community facilities. This transfer becomes effective only when the land is formally accepted by the appropriate public...

In real estate, a decree of foreclosure is a court-issued order that directs the sale of a mortgaged property to satisfy an outstanding debt owed to the lender. This legal action occurs when a borrower fails to meet their mortgage obligations, such as missing payments...

In real estate and finance, a debtor is an individual or entity that owes money to another party, typically as a result of borrowing funds to purchase property or secure a loan. The debtor is legally obligated to repay the borrowed amount, along with any interest and...

In real estate, debt service refers to the total amount of money required to pay a property’s financing obligations over a given period of time. This includes both principal and interest payments on loans secured by the property, such as mortgages or other forms of...

In real estate, a covenant is a legally binding agreement or promise that requires a property owner to do or refrain from doing a specific act. Covenants often relate to how property may be used or improved, such as a requirement to construct a home in a particular...

In real estate, co-tenancy refers to a form of property ownership in which two or more individuals hold ownership interests in the same parcel of land at the same time. Each co-tenant has the right to possess and use the entire property, regardless of the size of...